Insurance

Zurich Portugal has “continued to grow across all segments” according to its CEO Helene Westerlind. In 2023 Zurich Portugal was in 6th place in the ranking of the largest insurers in Portugal [...]

The insurer Generali Tranquilidade is finalising its purchase of a share in the Portuguese banking services company Banco CTT. According to business daily Negócios, the deal should be signed [...]

The multinational former British company Hiscox, which has been in Portugal for 18 years, is to take on 30 staff to beef up its Lisbon team. One of the main non-Life insurers in Europe, the UK, [...]

The Authority for the Supervision of Insurers and Pension Funds (ASF) has announced that Luís Menezes will be the new CEO of the Ageas Group Portugal, replacing Steven Braekveldt at the second [...]

The US ratings agency Fitch has raised the long-term rating of Portuguese insurer Fidelidade to ‘A’. In a note sent to newsrooms, it highlighted the insurer’s solid profile, robust [...]

Insurers operating in Portugal suffered a fall in profits last year, compared to the previous year. Even so, insurers based in Portugal, even if they belong to foreign multinationals, stacked up [...]

The Italian insurance group Generali, which announced that it had acquired a 8.71% capital share in Portugal’s CTT financial services company Banco CTT two years ago, will finally see the deal go [...]

Portugal’s insurance companies made around €1Bn more on polices sold in the first half of the year compared to the same period last year. And insurance associations predict that 2024 will be the [...]

The insurance broker Sabseg has acquired the total share capital of Velmese, an insurer based in Valença do Minho, Portugal. Velmese had a turnover of €167,000 in commissions in 2023 with net [...]

The President of the Portuguese Association of Insurers, José Galamba de Oliveira has said that the National Health System (SNS) is “irreplaceable” and that health insurance should be seen as [...]