Portugal
Mapfre net income rises 4.3% in first nine months
Spanish insurer Mapre posted net income of €683.9m for the first nine months of 2013, a 4.3% increase on the previous year’s total.
Europe: Insurance valuation processes
How does insurance valuation practice differ in territories around the world? Nigel Wilson explains.
Go west: Asia's investments in Europe
Are Asian investors likely to continue their interest in the European insurance market? Edmund Tirbutt investigates.
Fosun eyes state-owned Portuguese insurer
Chinese conglomerate Fosun which owns the majority of Peak Re reinsurer has been shortlisted as one of five potential buyers of the largest insurer in Portugal.
MDS recruits Vinhas as deputy manager in Portugal
MDS Group has strengthened its Portuguese management team with the appointment of Mario Vinhas as deputy country manager.
THB strengthens Portuguese team with Ricardo Borges’ return
Former THB employee Ricardo Borges is returning to the company to take up a director role based in the European Division’s Amsterdam office.
Hiscox appoints Axa's Tondu-Melique as European chief operating officer
Hiscox has appointed Florence Tondu-Melique as its new European chief operating officer.
The changing face of political risk cover
Traditionally political risk has been seen as an insurance product designed to protect businesses operating in the emerging markets and politically volatile areas of Asia, Africa and Latin America.
Portuguese state bank to shed insurance arm
The insurance arm of state-owned Portuguese bank Caixa Geral de Depositos is to be privatised by the end of the year. P
Mapfre's Q1 revenue boosted by international business
Spain’s Mapfre increased its first quarter revenues by 1.6% to reach €6,942m, driven mainly by the international business.
Insurers miss opportunity to voice opinions on EU consultation on PPOs
The UK’s general insurance sector has failed to engage with a consultation on setting Solvency II liability rules, despite a European Union recommendation that 20% of the sector should contribute for the study to be credible.
Portuguese insurers expected to ramp up corporate debt investments
Portuguese insurers are expected to invest more in the corporate debt market amid improved economic stability and a decline in sovereign bond yields, according to Reuters.
S&P revises outlook on Ageas' Portuguese subsidiary
Standard and Poor’s has revised the outlook for insurer Millenniumbcp Ageas' core entities to stable following action on Portugal's sovereign rating.
MDS appoints Mora as director of African subsidiary
MDS Group, the Iberian, Latin American and African insurance broker, has appointed Tiago Mora as a director of its fully owned subsidiary MDS Africa.
Challenges and opportunities abound in 2013
Against the backdrop of a challenging economic climate and continued uncertainty over both the timescales for implementation of European regulation and varied national approaches to the adoption of it, European insurers face a number of critical…
EMEA commercial market to remain stable in 2013
The insurance market across Europe, the Middle East and Africa is expected to remain broadly stable in 2013, according to Marsh's Insurance Market Report 2013.
Marsh forecasts 10% rate increases across Europe
European financial institutions can expect challenging conditions in 2013 amid ongoing concerns about the Eurozone and increased regulatory action, according to broker Marsh.
Consumers see insurance as essential not discretionary spend
When it comes to reducing expenses, European consumers are cutting back on discretionary areas such as dining out, holidays and clothing, but still see insurance as essential.
Willis splits European operations
Global broker Willis is dividing its European operation into two distinct regions: Western and Central & Eastern Europe.
Mapfre reports 44.8% growth in Brazil in Q3 2012 results
Mapfre has reported revenues of €19.4bn for the first nine months of 2012, a 10.5% rise compared with the same period last year.
MDS and Towers Watson JV to serve Portuguese clients
Professional services firm Towers Watson and Broker MDS have joined forces to establish a benefits brokerage consulting service in Portugal.
Supply chain problems and insurer solutions
There is a common belief that supply chain claims are linked most often to natural disasters, but research shows that this is not true. Jacqueline Legrand explains why highlighting this myth to customers can go a long way to mitigate against the real…
Uniqa posts earnings up 43.2%
The Uniqa Group has posted first-half earnings before tax up 43.2% to €106.5m (2011: €74.4m).
MDS offers self insurance facilities with launch of PCC
European insurance and reinsurance broking and risk consulting provider, MDS Group has launched of High Dome PCC, a protected cell company (PCC) to provide alternative risk financing services including self insurance facilities, access to reinsurance…