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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
MAPFRE Re names Javier San Basilio as general manager
10th February 2025
Javier San Basilio has been appointed general manager of MAPFRE Re, taking on direct coordination of the regional divisions and responsibility for the development of large clients and brokers, among other functions. This appointment is part of MAPFRE Re’s organisational restructure, aimed at advancing its strategic objectives, including further development of ... Read the full article
MAPFRE RE successfully structures its first cat bond, Recoletos Re DAC
13th December 2024
MAPFRE RE, the reinsurance arm of Madrid-headquartered insurer MAPFRE, has announced it is sponsoring the issuance of a catastrophe bond of USD $125 million, issued through Recoletos Re DAC, an special purpose vehicle (SPV) incorporated in Ireland. This is MAPFRE RE’s first reinsurance protection linked to a cat bond. It is ... Read the full article
MAPFRE RE sees 9M’24 premiums hit €6.3bn as net result climbs 9.3%
29th October 2024
MAPFRE RE, the reinsurance arm of Madrid-headquartered insurer MAPFRE, has reported that premiums reached almost €6.3 billion in the first nine months of 2024, up 3.5% from last year, while the net result hit €207 million. MAPFRE RE's premium figure in the first 9M includes the reinsurance business, which contributes more ... Read the full article
Retention levels to remain stable despite demand: MAPFRE RE’s Meyerhoff
25th October 2024
Amid growing demand for reinsurance capacity, clients have shown interest in buying lower down to go back to past retention levels, MAPFRE RE's Mark Meyerhoff has observed, yet this is not something he sees happening, instead he anticipates stable retention levels at the upcoming renewals. Around the Baden-Baden conference, MAPFRE RE's ... Read the full article
MAPFRE RE sees premiums grow 5.5% in H1 2024
26th July 2024
MAPFRE RE, the reinsurance arm of Madrid-headquartered insurer MAPFRE, has reported that premiums, which include the reinsurance and global risks businesses, increased by 5.5%, reaching over €4.3 billion, in the first half of 2024. Of the €4.3 billion in premiums, the company noted that €3.3 billion came from the reinsurance business, ... Read the full article
MAPFRE RE names Estevez Chief of Tokyo Representative Office
10th July 2024
Global reinsurer MAPFRE RE has appointed Alberto Estevez Allegue as Chief Representative Officer of its Representative Office in Tokyo, Japan, effective 1 July 2024. Estevez began his MAPFRE career in 2012 at MAPFRE Asistencia’s MAPFRE Warranty Japan, where he served as Finance and Strategic Planning Manager for the APAC region, based ... Read the full article
MAPFRE RE expands presence in Asia with new China office
5th July 2024
Global reinsurer MAPFRE RE to open its new branch in Beijing as it has been granted approval from the National Financial Regulatory Administration of the People’s Republic of China. The Beijing Branch is an important milestone for MAPFRE RE’s strategic development in China, the company stated. It will enable MAPFRE RE to ... Read the full article
MAPFRE RE sees premiums grow 7% in Q1 reaching €2.2bn
25th April 2024
MAPFRE RE, the reinsurance arm of Madrid-headquartered insurer MAPFRE, has reported that premiums, which include the reinsurance and Global Risks businesses, are up 7% in the first quarter of 2024, reaching nearly €2.2 billion. At the same time, the combined ratio improved significantly in the year to 93.8% (-4.9 p.p.), which ... Read the full article
MAPFRE Re sees premiums grow 8.8% in 2023 to €7.9bn
14th February 2024
MAPFRE RE, the reinsurance arm of Madrid-headquartered insurer MAPFRE, has reported that premiums, which include the reinsurance and Global Risks business, grew 8.8% in 2023, reaching nearly €7.9 billion. The firm states that the Reinsurance business grew 7.8%, while the Global Risks business is up 12.2%. It estimated that the two relevant ... Read the full article
MAPFRE RE appoints Miguel Ángel Rosa as new CEO
30th October 2023
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, ... Read the full article
MAPFRE RE’s net income increases by 103% in Q3, combined ratio reaches 95%
27th October 2023
MAPFRE RE, the reinsurance division of Madrid-headquartered insurer MAPFRE, has posted a net income of €189.5 million for the third quarter of 2023, more than double the previous year's €93.5 million, representing a 103% increase. At the same time, MAPFRE RE premiums, which include both the Reinsurance and Global Risks business, ... Read the full article
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