Reinsurance News

MAPFRE renews management teams

14th September 2020 - Author: Katie Baker

Spanish re/insurer, MAPFRE has approved the renewal of its management teams.

This new move aims to advance MAPFRE’s strategic objectives, and accelerate the transformation agenda, strengthening capacities in the main regions where it operates.

The renewal of the management team also seeks to strengthen the group’s ability to respond to the economic and social challenges of current global conditions.

In the US, the position of Chief Operations Officer is to be filled by an executive with broad experience in the Group’s Business and Clients Area.

In Spain, there is greater integration planned between the Life and Non-Life businesses, and the new CEO of MAPFRE VIDA will also hold the position of General Director of the Sales and Business Development Area of MAPFRE IBERIA, where he was already the most senior executive.

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Also relevant is the reinforcement in MAPFRE’s corporate areas, with all the joining executives holding extensive business experience gained during their work with the Group.

All appointments come into effect on January 1, except the renewal at MAPFRE Middlesea, which will take place on April 1, 2021.

Antonio Huertas, chairman and CEO of MAPFRE, commented: “The renewal of the management team allows us to capitalise on the extraordinary internal talent we have at our disposal within the company. All the appointed executives bring great experience and deep knowledge of our Group with them to their new positions.

“I am convinced that they will give a renewed boost to our operations that will benefit our clients and allow us to advance with our company’s profitable growth plans.”

This news comes in after COVID-19 drives 27% drop in MAPFRE’s H1 earnings

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