Reinsurance News
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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
MAPFRE RE bolsters senior management with three appointments
30th June 2025
MAPFRE RE, the reinsurance and global risks arm of Madrid-based insurer MAPFRE, has strengthened its senior management with the appointment of Fernando Utrilla Agüero as Deputy Chief Financial Officer (CFO) and José López González as Assistant General Manager of MAPFRE Group Business, effective July 1st, 2025. The pair will report directly ... Read the full article
MAPFRE RE’s premiums grow to nearly €2.4bn in Q1’25
25th April 2025
MAPFRE RE, which encompasses the Reinsurance and Global Risks businesses of Madrid-based insurer MAPFRE, has reported a combined ratio of 97.9% for Q1 2025, an increase of 4.1 percentage points from Q1 2024, driven by the California wildfires, which had an attributable impact of €85 million. Despite the impact of catastrophe ... Read the full article
MAPFRE RE partners with CyberCube to enhance cyber risk management
5th March 2025
MAPFRE RE, the reinsurance arm of Madrid-based insurer MAPFRE, has entered into a three-year agreement with CyberCube, a provider of cyber risk analytics, to license its suite of solutions. This partnership reinforces MAPFRE RE’s commitment to strengthening its cyber risk management capabilities. Under the agreement, MAPFRE RE will use CyberCube’s suite of ... Read the full article
MAPFRE RE sees premiums grow 6.7% in 2024 to €8.4bn
12th February 2025
MAPFRE RE, the reinsurance arm of Madrid-headquartered insurer MAPFRE, has reported premiums of nearly €8.4 billion for full-year 2024, marking a 6.7% increase from 2023. This total includes €6.6 billion from its reinsurance business and over €1.8 billion from its global risks division. The reinsurer’s combined ratio improved to 93.6%, down 2 ... Read the full article
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