Portugal

Groupama actions fail to avert S&P rating action

Standard & Poor's Ratings Services has lowered its long-term counterparty credit and insurer financial strength ratings of Groupama SA and its related subsidiaries to 'BBB' from 'BBB+', and removed them from Credit Watch with negative implications.

A&A seeks CEO before Euro push

Non-standard motor broking specialist A&A Group has outlined ambitious plans to expand its European footprint, ahead of a potential cash injection.

Interview - A&A Group: A constantly evolving company

Starting as a two-man operation in a house in Twickenham, A&A Group has grown exponentially since its humble beginnings. Jonathan Swift talks to Tony Allen and Steve McPherson about keeping pace with changes in the market.

Euler Hermes links with Mapfre

Spanish insurance giant Mapfre and Allianz-owned Euler Hermes have signed a memorandum of understanding to build a strategic alliance aimed at jointly developing their credit and bond insurance business in Spain, Portugal and Latin America.

View from the Top: recent developments in captive Europe

Traditional captive domiciles in Europe include Guernsey and Gibraltar, as well as, in the European Union, Luxembourg, which is still dynamic and stable, and Ireland, which is in clear retraction. However, new developments are being seen in the market.

View from the top: A very bad year

Despite reinsurers' initial talk that the Australian floods and the New Zealand & Japanese earthquakes were earnings — not balance sheet — events, and there would be no impact on rates, the chatter has changed recently, with some now actively hinting at…

ADR generates mixed views

The European Commission looks set to impose some consistency among the patchwork of alternative dispute resolution systems that currently exist. Vic Wyman assesses what this will mean for the European insurance market.

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