Insurer MAPFRE has announced a number of new appointments as it simplifies its structure, including naming Miguel Ángel Rosa as the new Chief Executive Officer (CEO) of MAPFRE RE, with current CEO Eduardo Pérez de Lema taking on the role of CEO of International Insurance.
The International Insurance division is new, and brings together LATAM, EMEA, and MAPFRE Global Risks into a single unit. It will be led by Lema, who will also lead MAPFRE Global Risks.
Rosa, the current CEO of Verti Germany, takes over as CEO of the reinsurance arm, with Mónica García Cristóbal, head of transformation at MAPFRE in Spain, taking over as CEO of Verti Germany.
Additionally, the company has announced that as Ignacio Baeza retires as first Vice Chairman, following 27 years of service in different positions of responsibility in the group, he will be succeeded by José Manuel Inchausti, current CEO of MAPFRE Iberia and third Vice Chairman.
Fernando Mata, in addition to continuing to serve as the group’s CFO and member of the board, will take on the additional role of third Vice Chairman.
The current group’s Chief Investment Officer, José Luis Jiménez, joins the Finance Area as deputy CFO and will continue as the most senior executive with responsibility for global investment management.
Elsewhere, Raúl Costilla, the current CEO of MAPFRE Vida, with his expertise in the insurance business both in Spain and overseas, has been appointed group Chief Business Officer, the corporate area tasked with directing the group’s sales and technical strategy globally.
MAPFRE has also revealed that the corporate structure is simplified by integrating People, Strategy and Sustainability into a single area that will be led by Alfredo Castelo, the current group’s Chief Business Officer. Juan Carlos Rondeau will continue leading the Corporate People and Organization Area.
Further, José Luis Gurtubay is set to take over the Corporate Internal Audit Area from March 31, 2024, replacing María Luisa Gordillo, who will retire on that date.
Within its Iberia operations, current group Chief People Officer, Elena Sanz Isla, has been appointed CEO of MAPFRE Iberia (Spain and Portugal). The current regional CEO of LATAM, Jesús Martínez Castellanos, joins this unit as Deputy CEO and also takes on the role of CEO of MAPFRE Vida.
As well as these appointments, MAPFRE has announced the that renewal of first-level executives extends to five other Group countries.
First, Alberto Berges has been named CEO of MAPFRE Mexico. In Brazil, the structure has also been simplified, with Felipe Nascimento remaining in charge.
Óscar Celada, who transfers from MAPFRE in Spain, has been appointed deputy CEO of Business at MAPFRE Seguros in Brazil. Nelson Alves moves from MAPFRE Asistencia (MAWDY) to become deputy CEO of Finance and Business Support at MAPFRE Seguros.
Next, in the Dominican Republic, a single CEO has been appointed for the two operations in the country, namely Andrés Mejía. Eva Tamayo, current regional general manager for the Canary Islands, has been designated CEO of MAPFRE in Chile.
In Panama and Central America, Óscar Ortega, who has led the business in Chile until now, will be the new CEO.
In total, more than 15 senior MAPFRE executives have been appointed or have changed positions in the Group, reveals the firm.
All of these appointments will take effect on January 1, 2024, except for that pertaining to Internal Audit.
Antonio Huertas, Chairman and CEO of MAPFRE, commented, “We are laying the foundations of the company for the next 10 years. Everything we have achieved so far, especially financial strength, service excellence and proximity to the client, the focus on people and the reinforcement of our ethical commitment and values, will be maintained as essential and differentiating elements of MAPFRE. But the environment has changed, and we are going to move forward with a new, simpler road map that gives us the flexibility and ability we need to continue holding leadership positions in the group’s main markets.”
