The Chairman and CEO of MAPFRE opens the tenth edition of Insurance Europe’s International Insurance Conference, held today in Madrid The Chairman and CEO of MAPFRE, Antonio Huertas, this morning highlighted the important role of insurance in the economic and social development of countries during his speech to open the tenth International Insurance Conference, being held [...]
On Sunday, the fleet participating in the Volvo Ocean Race embarked upon the 9th stage from the U.S. port toward Wales. Before the stage started, a flag-raising ceremony was held to commemorate the 5th Centennial of the first round the world journey completed by Juan Sebastián Elcano The Volvo Ocean Race fleet prepared to return [...]
MAPFRE House is located in the heart of the financial district. The building was acquired in 2016, and has undergone a complete renovation. The chairman and CEO of MAPFRE, Antonio Huertas, this afternoon officially opened the company’s new headquarters in London, at an event attended by the Spanish ambassador to the UK, Carlos Bastarreche. Huertas explained [...]
MAPFRE ASSISTANCE UK has announced a partnership with Co-op Insurance to provide a travel insurance product to Co-op members and clients. Co-op Insurance entered the travel insurance market in partnership with MAPFRE ASSISTANCE UK looking to revolutionize the sector by offering a new product with innovative features. MAPFRE ASSISTANCE UK has designed the product suite in [...]
The Board of Directors has ratified the payment of the final dividend against the 2017 results of 0.085 euros gross per share on June 14 next. The total dividend charged against the result for the period will come to 0.145 euros per share, meaning the company will pay out 447 million euros, setting aside 63.7 percent [...]
KEY POINTS OF THE FIRST QUARTER Group earnings up 4 percent, excluding last year’s extraordinary items. Premiums total almost 6.2 billion euros, in a quarter marked by currency depreciation and low interest rates Reinsurance earnings grow 22.2 percent to 63 million euros. Combined ratio improves by one percentage point, to 96.5 percent, and the solvency [...]
The rating agency Moody's has raised up one notch the credit rating of MAPFRE ASISTENCIA and GLOBAL RISKS, from "A3" to "A2", while maintaining stable prospects for both companies. This decision was made days after Moody's revised upward the sovereign rating of Spain to "Baa1" (two notches below). In its note, the agency explains that the [...]
During 2017 more than 6,700 MAPFRE volunteers, employees and relatives participated in some of the close to 1,300 solidarity activities carried out to help the most disadvantaged and vulnerable people in society, with a participation rate that was 6 percent higher than 2016. MAPFRE's volunteers dedicated their time to emergency action and assistance in the [...]
MAPFRE and the French investment boutique La Financière Responsable (LFR) celebrated their recent decision to enter into a strategic partnership last night at the Spanish embassy in Paris France. The event, hosted at the Spanish Embassy to France, was attended by MAPFRE CFO Fernando Mata, CIO Jose Luis Jimenez, LFR Chairman Olivier Johanet and LFR CEO [...]
The decisión reflects the drive to implement the digital transformation of MAPFRE MAPFRE has chosen IBM (IBM:NYSE) to manage and operate the technological infrastructures at its data processing center in Spain. The decision to appoint a specialized technology partner has been made in the context of the MAPFRE Infrastructures Master Plan and represents a step forward in [...]