Spain News

Liberty Mutual Buying Stake in Turkey’s Seker Sigorta

The Boston-based Liberty Mutual Group plans to enter the Turkish market with the purchase of a majority stake in Seker Sigorta A.S. Liberty Mutual signed an agreement on June 16 with Sert Holding A.S. for the acquisition of a majority …

Fraud Roundup

Marketing fraud scheme results in 560 arrests; $1billion in losses More than 560 people have been arrested in an international investigation of mass-marketing fraud schemes that have victimized more than 2.8 million people, the U.S. Justice Department said. Losses exceeded …

Fraud Roundup

Marketing fraud scheme results in 560 arrests; $1 billion in losses More than 560 people have been arrested in an international investigation of mass-marketing fraud schemes that have victimized more than 2.8 million people, the U.S. Justice Department said. Losses …

AXA, Credit Suisse Agree on $10 Billion Winterthur Sale

This time around the AXA Group and Credit Suisse lost no time in coming to an agreement to sell Winterthur, the Swiss bank’s insurance division, to the French insurer for CHF 12.3 billion (around $10 billion – €7.9 billion). The …

S&P Reacts to Winterthur Sale; AXA Revised to ‘Stable’; Winterthur to ‘Positive’

Standard & Poor’s Ratings Services reacted quickly to the announcement that AXA and Credit Suisse have reached an agreement to sell Winterthur, the Swiss bank’s insurance division to the French insurer for CHF 12.3 billion (around $10 billion – €7.9 …

World Cup Starts in Germany

5:00 p.m. on a Friday is usually associated with “TGIF” as the weekend begins. However, for much of the world this Friday at 5:00 p.m. (local time) it marks the beginning of a very special sporting event – the quadrennial …

World Cup: Most heavily insured sporting event starts in Germany

For the majority of Americans, June 9 is a Friday between June 8 and June 10. But for the rest of the world, that day marks the debut of a month-long football festival — not the kind played in the …

Spain’s MAPFRE to Change Corporate Structure, Expand; S&P Comments

Spain’s largest domestic insurance group, Sistema Mapfre, announced a major structural reorganization, which will eventually result in all of the Group’s activities being concentrated in its publicly traded entity Corporacion Mapfre, which will subsequently be renamed Mapfre S.A. Commenting on …

Marketing Fraud Scheme Results in 560 Arrests; $1B in Losses

More than 560 people have been arrested in an international investigation of mass-marketing fraud schemes that have victimized more than 2.8 million people in the United States, the Justice Department said Tuesday. Losses exceeded $1 billion in scams that included …

Willis Named “2006 European Commercial Broker of the Year”

Global broker Willis Group Holdings has been named the “2006 European Commercial Broker of the Year” for the second consecutive year. The award was presented as part of the annual European Risk Management Awards conducted by StrategicRISK. It’s determined by …