Mapfre Global Risks falls to H1 loss on Adnoc, Panama claims

Large claims pushed Mapfre's global specialty insurance unit
into the red in the first half, as the carrier reported group
results that were broadly in line with consensus expectations.
Mapfre Global Risks made a loss of EUR13mn ($15.2mn), compared
with a profit of EUR25.4mn a year earlier, as the unit's
combined ratio swelled by 27.6 percentage points to 119.3 percent
for the first half.
Mapfre said the unit's result was affected by "two
concurrent large claims and the impact of...