Reinsurance News
mapfre re
Mapfre Re’s net profit climbs 24.6% to €186m in H1’26
24th July 2026
Mapfre Re, the reinsurance arm of Mapfre, has reported net earnings of €186 million in the first half of 2026, up 24.6% compared to the same period a year earlier. The performance was driven by the strong results of the Reinsurance Unit, which increased net earnings to more than €165 million, ... Read the full article
Chaturbhuj Bansal to lead MAPFRE Re India branch
3rd June 2026
Spanish insurance company MAPFRE's reinsurance branch, MAPFRE Re, has announced the appointment of Chaturbhuj Bansal as Head of its India branch, subject to regulatory approval. MAPFRE Re’s India office was established back in February 2026, in Gujarat International Finance Tec-City (GIFT City), following approval from the International Financial Services Centres ... Read the full article
Mapfre Re secures $200m US named storm coverage with new cat bond
11th May 2026
Mapfre Re, the reinsurance arm of Mapfre, has completed a $200 million catastrophe bond via its special purpose vehicle Recoletos Re DAC, providing indemnity-based U.S. named storm coverage on a per-occurrence basis over a three-year risk period through June 2029. Mapfre Re explained that with this transaction, it continues to reinforce ... Read the full article
Mapfre Re’s net result rises 77% to €85m in Q1’26
29th April 2026
Mapfre Re, the reinsurance and global risks arm of Madrid-based insurer Mapfre, has reported a net result of €85 million for the first quarter of 2026, up 76.8% compared to the same period a year earlier, with an improved combined ratio of 96.8%. Mapfre Re attributed the improved results to prudent ... Read the full article
Mapfre Re appoints Fernando Utrilla Agüero as CFO
9th April 2026
The Board of Directors of Mapfre Re, the global reinsurance unit of Mapfre Group, has approved the appointment of Fernando Utrilla Agüero as Chief Financial Officer (CFO), succeeding Daniel Quermia. Agüero’s appointment is part of the succession process following Quermia’s upcoming retirement, after nearly 40 years with Mapfre Re. Agüero joined Mapfre ... Read the full article
MAPFRE Re establishes India branch office
13th February 2026
Spanish insurance company MAPFRE's reinsurance branch, MAPFRE Re, has received approval from the International Financial Services Centres Authority (IFSCA) of India to open its newest branch office in Gujarat International Finance Tec-City (GIFT City). The establishment aims to strengthen the reinsurer's operational capacity and offer a more tailored service in one ... Read the full article
Prudent management and few cat events drive record 2025 for Mapfre Re
12th February 2026
Mapfre has reported that Mapfre Re, which encompasses its Reinsurance and Global Risks businesses, delivered a record result of €381 million in 2025, an increase of 17.2% year on year, driven by prudent management and the absence of catastrophe events. Of the total, the Reinsurance division contributed €329.5 million, posting a ... Read the full article
Underwriting discipline important amid challenging 1/1 renewal: Bueso, MAPFRE Re
18th December 2025
As the reinsurance industry approaches the January 1 renewal season, Carmen Bueso, Chief Underwriting Officer (CUO) Non-Life at Spanish reinsurer MAPFRE Re, notes that while the current market offers opportunities, the industry must avoid repeating past mistakes. Looking ahead to the upcoming renewal season, Bueso, in an interview with Reinsurance News, ... Read the full article
MAPFRE RE secures €125m cat bond targeting European wind risk
26th November 2025
MAPFRE RE has returned to the catastrophe bond market by sponsoring a new €125 million, three-year issuance specifically designed to protect its European risk portfolio against extreme wind events, which constitute the firm's main catastrophic exposure in the region. This 2025 transaction, executed through the Irish-domiciled SPV Recoletos Re DAC, Read the full article
MAPFRE RE’s profit climbs 23.6% as group result hits €829m in first nine months
3rd November 2025
MAPFRE has reported that MAPFRE RE, which encompasses its Reinsurance and Global Risks businesses, posted a profit of €256 million for the first nine months of 2025, a 23.6% increase compared to the same period last year. Of the total profit figure, Reinsurance contributed €225 million, with a combined ratio of ... Read the full article
A return to the challenges of two to three years ago ‘out of the question’, says MAPFRE RE’s Meyerhoff
21st October 2025
Mark Meyerhoff, Chief Regional Officer, EMEA at Spanish reinsurer MAPFRE RE, has said that as brokers push for earnings protection and frequency covers, he considers “a return to the situation of two or three years ago to be out of the question.” In an interview with Reinsurance News around the Baden-Baden ... Read the full article
Reinsurance industry needs sustainable margins & responsible structures: Aon reinsurer panel
15th September 2025
The global insurance and reinsurance markets are "all in this together" and as discipline and innovation drive relevance in an increasingly uncertain world, it's vital that the industry has sustainable margins and responsible structures, and doesn't forget past mistakes. This is according to Jill Beggs, Executive Vice President, and CEO of ... Read the full article
MAPFRE RE’s Bueso signals stability for Jan renewals, reinforces long-term approach
10th September 2025
Speaking at the Monte Carlo Rendez-Vous de Septembre, Carmen Bueso, CUO Non-Life at MAPFRE RE, said the firm does not anticipate major changes at the 1/1 2026 renewals, maintaining its client-focused approach underpinned by strong technical discipline and a long-term perspective. "As a relevant market player, we always position ourselves ahead ... Read the full article
MAPFRE RE reports strong H1’25 CoR and 1.3% premium growth
24th July 2025
MAPFRE RE, the reinsurance and global risk arm of Madrid-based insurer MAPFRE, has announced its H1 2025 financial results, reporting an increase in its combined ratio of 0.7 percentage points to 95.9% amid the costly California wildfires. The initial quarter of the year was significantly affected by the California wildfires, which ... Read the full article
MAPFRE RE partners with ICEYE for global flood data
2nd July 2025
Global reinsurer MAPFRE RE has entered into an agreement with ICEYE, an specialist in satellite-based disaster management solutions, to license its Flood Insights data globally. This collaboration aims to improve MAPFRE RE’s rapid and effective response to natural catastrophes. This will be achieved thanks to ICEYE’s near real-time flood data, which will ... Read the full article
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