IBERIAN consolidates its leadership in surety bonds with Great American Europe


IBERIAN Insurance Group has announced the signing of a collaboration agreement with Great American International Insurance (EU) (a member of Great American Insurance Group, Cincinnati, USA) for the underwriting of surety insurance in Spain.

Dario Spata, CEO of IBERIAN, has expressed his “great satisfaction to be able to count on a binder of the international prestige of Great American, a company with proven strength and capacity to continue offering the best surety products to our collaborators and clients in a market as competitive as the Spanish one. This agreement, therefore, guarantees that we will continue to position ourselves as a reference in this increasingly relevant niche”.

Otto Hoedemaker, Business Development Director for Spain and Portugal at Great American International Insurance (EU), said that IBERIAN “has shown a very strong performance in surety insurance over the last seven years. This, combined with Great American’s solid underwriting capacity and financial strength, allows us to take an important step towards our further expansion in the Spanish insurance market, in line with Great American Europe’s growth ambition in Europe”.

In this way, Great American joins other leading international insurers such as Lloyd’s, AXA XL or Zurich as binders of IBERIAN Insurance Group.

Photo: Signing of the agreement between Brian Doonan, Chief Executive Officer of Great American International Insurance (EU), and Dario Spata, CEO of IBERIAN Insurance Group.

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