Fitch confirms as A+, with outlook stable, the insurer financial strength credit rating for the MAPFRE Group's operating companies: MAPFRE ESPAÑA, MAPFRE VIDA, MAPFRE RE and MAPFRE ASISTENCIA. Similarly, the agency has reaffirmed MAPFRE’s issuer rating as ‘A-‘, with outlook stable, the same as that of the Kingdom of Spain. The agency explains in its note [...]
Daniel P. Olohan, General Counsel & Secretary of MAPFRE USA, spoke to the 'New England In-House' magazine about his experience in the company. During the interview, Olohan provided a panoramic view of MAPFRE USA, which employs 2,000 people, and highlighted the company's role as "a key stakeholder" for the region as a whole. "It's a great base [...]
The insurance group will hold 10 percent of the capital of the independent financial company, with the option to increase its shareholding to 20 percent within three years Abante and MAPFRE have signed a strategic alliance to create an independent platform for financial advisory services and the distribution of the most competitive products in the Spanish [...]
For the third consecutive year, MAPFRE MEXICO has been named the most reputable company in the insurance industry by MERCO (Monitor Empresarial de Reputación Corporativa — corporate reputation monitoring body). The result is the product of a thorough analysis, conducted through a survey of company managers, financial analysts, opinion leaders and civil society leaders to assess [...]
Prospects for the eurozone economy have been marginally revised upward to 1.3 percent, while the outlook for global growth is maintained at around 3.3 percent. The global economy has performed better than expected in the first part of the year. MAPFRE Economic Research has raised short-term growth forecasts slightly for developed countries, Spain included, in a [...]
For the thirteenth consecutive year, MAPFRE is once again on the FTSE4Good, one of the most important international barometers for measuring the performance of companies in terms of Sustainability-Corporate Social Responsibility (CSR). The companies included in this index, developed by the FTSE Russell group, fulfill with a very demanding criteria of good sustainability practices, fully transparent [...]
MAPFRE to channel a further 500 million euros into alternative investments, on top of the 550 million already committed The vehicle for set up for joint real estate investments by MAPFRE and SWISS LIFE France in 2018 to invest in prime office space in and around Paris has just completed its first operations. Specifically, both partners [...]
KEY POINTS FROM THE FIRST HALF Strength of the business in the three main markets: Spain, Brazil and the United States. Improved combined ratios across the board, with that of the Group standing at 95.9 percent. Intense business growth in LATAM, with a 17 percent increase in premiums. Insurance units earnings grow 9.4 percent. Spain [...]
The 15 largest insurance groups in Europe received EUR 584.6 billion in premiums in 2018, up 1.6% from the previous year according to MAPFRE´s Economic Research According to the 2018 edition of the annual ranking created by MAPFRE Economic Research and published by Fundación MAPFRE, MAPFRE is among the 15 leading European insurance companies. Specifically, it [...]
MAPFRE and China Re have signed a memorandum of understanding to collaborate on insuring investments related to the Belt and Road Initiative (BRI), a massive infrastructure plan launched by the Chinese government in 2013 to connect China with the world's major economies. As part of the agreement signed between the two companies, MAPFRE will offer insurance [...]