Reinsurance News
Mapfre
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
S&P revises MAPFRE’s outlook to positive, citing strong capital and earnings
22nd July 2025
S&P Global Ratings, a credit rating agency, has revised its outlook on the Spanish insurance group Mapfre to positive from stable, reflecting growing confidence in the group’s financial strength and earnings trajectory. The change in outlook follows S&P’s assessment that Mapfre’s capital adequacy is expected to remain strong and may consistently ... Read the full article
Insurtech financing in LatAm up 370% to $121m in H1’25
21st July 2025
Insurtech financing in Latin America reached $121 million in the first half of 2025, marking a 370% increase compared to the same period last year, according to a report by Digital Insurance LATAM, sponsored by MAPFRE. This figure also surpasses total funding for all of 2024 by 32%, highlighting the region’s ... Read the full article
MAPFRE USA appoints Mark Pasko as EVP, Counsel and Secretary of US
24th June 2025
MAPFRE USA, the holding company for a number of property and casualty insurance companies, has appointed Mark Pasko as Executive Vice President (EVP), General Counsel and Secretary of US operations, effective July 21st, 2025. In his new role, Pasko will be responsible for MAPFRE’s legal, regulatory and government affairs in the ... Read the full article
Insurance sector holds firm against tariffs: MAPFRE
23rd May 2025
MAPFRE Economics, the research arm of MAPFRE, a Spanish-domiciled insurer, in its latest Economic and Industry Outlook report, notes that the insurance sector holds firm against President Trump’s tariffs. However, lower economic activity globally could impact the industry, so the optimistic outlook forecast at the beginning of 2025 has cooled down ... Read the full article
MAPFRE introduces ethical guidelines for AI development
12th May 2025
MAPFRE, a Spanish insurer and insurance group in Latin America, has become the first IBEX 35-listed company to introduce a formal set of principles for the responsible development and use of artificial intelligence (AI). The company has launched its Manifesto for a Humanistic, Ethical, and Responsible AI, outlining its commitment to ... 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 Economics raises global growth forecast to 3.1% for 2025, led by Asia
27th March 2025
MAPFRE Economics, the research arm of MAPFRE, a Spain-based insurance company, has raised its global growth forecast in its latest Economic and Industry Outlook 2025 report, projecting a 3.1% increase in global GDP for 2025, a slight upward revision from previous estimates. The report also anticipates a 3% global growth rate ... Read the full article
Insurtech funding in LatAm dipped in 2024 but number of startups continues to rise: MAPFRE
14th March 2025
According to the ninth edition of the LatAm Insurtech Journey, developed by Digital Insurance LATAM and sponsored by MAPFRE, the Madrid-based insurer, annual investment in the sector fell by 38% compared to 2023, reaching only $92 million, although the second half of the year saw a 156% increase compared to ... Read the full article
Fitch upgrades outlook for MAPFRE to positive
7th March 2025
Fitch Ratings, a credit rating agency, has upgraded the outlook for MAPFRE, a multinational insurance company, from Stable to Positive. Additionally, Fitch has affirmed MAPFRE’s issuer rating at A- and the Group’s financial strength rating at A+. "The positive outlook reflects the improvement in MAPFRE’s financial results and earnings. The ratings also ... Read the full article
Global insurtech funding reaches $3.2bn in Q3, expected to reach $4.2bn by the end of 2024
5th November 2024
The third quarter of 2024 closed with an investment in insurance technology (Insurtech) of $3.2 billion, 7% less than in 2023, however, this trend appears to be a positive and suggests a rebound in funding in the fourth quarter, according to a new report by Dealroom.co, Mundi Ventures, and MAPFRE. Venture ... 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
MAPFRE names Leire Jiménez Group Chief Innovation Officer
31st July 2024
Global insurer MAPFRE has announced Leire Jiménez is to lead the new phase of MAPFRE Open Innovation as Group Chief Innovation Officer, effective September 1. She will hold her new role concurrently with her current role as CEO of MAWDY, the company’s assistance business unit. Jiménez will be replacing José Antonio Arias ... 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
Insurtech funding in LatAm falls to historic low at $26m in H124
16th July 2024
Insurtech funding in Latin America (LatAm) fell to a historic low of $26 million during the first half of 2024, marking a 78% decline from the same period in 2023. Looking at the period between July 2023 - June 2024, inclusively, the total rose to $43 million, marking the lowest figure ... Read the full article
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