Esteban Tejera appointed as Chairman of MAPFRE RE

At a meeting today, the Board of Directors of MAPFRE has appointed Adriana Casademont as member of the MAPFRE Audit Committee. Ms. Casademont has been a member of the Board of Directors of MAPFRE since March 2013.

The Board of Directors of MAPFRE also approved the appointment of Esteban Tejera as chairman of MAPFRE RE, a position occupied by Pedro de Macedo until his death last May. Tejera is currently the vice chairman of MAPFRE and the company’s most senior finance executive. He will take on the duties of chairman of MAPFRE RE in addition to carrying out his current functions, while Eduardo Pérez de Lema will continue as CEO of MAPFRE RE.

MAPFRE is a global insurance company with a presence across all five continents. The benchmark insurer in the Spanish insurance market, it is also the leading multinational insurance group in Latin America and one of the top 10 insurance groups in Europe in terms of premium volume. MAPFRE employs more than 38,000 professionals and services approximately 34 million clients worldwide. In 2015 its revenues exceeded 26.7 billion euros and the net profit amounted to 709 million euros.

MAPFRE RE is the reinsurance unit of MAPFRE Group and has sales offices in 19 cities around the world, from which it services more than 100 countries. The reinsurance company has an “A with stable outlook” rating awarded by the ratings agencies A.M. Best and Standard & Poor’s, and was ranked as fifteenth in the global reinsurance ranking published in 2015 by A.M. Best. In 2015 MAPFRE RE reached a premium volume of 3,732 billion euros, and a net result of 153 million euros.

Both Adriana Casademont’s résumé and Esteban Tejera’s résumé are available on the MAPFRE website.