Insurance

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 [...]

A programme presented by the Portuguese government on Friday – ‘Construir Portugal’ (Build Portugal) — has set the cat among the pigeons by reopening the possibility of insurance brokers to [...]

The digital insurer Eleos has raised €3.75 million in a round of seed financing six months after competing a pre-seed round. This latest round led by the UK’s Fuel Ventures and Indico Capital [...]

The Chinese-controlled Portuguese insurer Fidelidade is planning to float on the Lisbon stock market in 2025. This is according to online news site ECO whose various sources have informed that [...]

Fidelidade is the second best insurer in Europe and the fourth worldwide when it comes to sustainability according to a specialist study from the consultant Morningstar Sustainalytics that [...]

Insurance companies that are supervised by the ASF (Portuguese Authority for the Supervision of Insurers and Pension Funds) says the total profits for the sector have fallen 15%. The insurers [...]

The Portuguese insurer Fidelidade has again cornered a 30% of the local market in the first half of 2023. But overall there was a fall in growth in the market in Portugal, particularly in the [...]

Portugal’s largest mutual association Montepio Geral (AAMG) posted profits of €90.8 million in 2022, an increase of 26.9% like-for-like on 2021. The profit was helped by positive results across [...]

The loan insurer Coface posted strong start-of-year net profits of €61.2 million for Q1 of 2203. The result represents an increase of 17% on the profits of €52.3 million posted in Q1 2022. The [...]