Reinsurance News
Mapfre
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
Fitch upgrades MAPFRE’s credit rating on strong business performance, assigns stable outlook
20th November 2025
Rating agency Fitch has upgraded the credit rating for Spanish insurance company MAPFRE, assigning an ‘A’ issuer rating, up from ‘A-’, with a stable outlook. Fitch attributed this credit rating decision to the company’s improved business performance and positive earnings forecasts. At the same time, the rating agency also raised MAPFRE Asistencia’s ... 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
MAPFRE establishes global technology hubs in Spain, Colombia, and Brazil
8th October 2025
MAPFRE, an international insurance company, has announced the creation of three new technology hubs as part of its broader transformation plan. The initiative focuses on strengthening the company’s technological structure and enhancing its ability to address the needs of both businesses and customers. Spain, Colombia, and Brazil have been selected as the ... Read the full article
MAPFRE updates Innovation Model to accelerate growth
25th September 2025
Spanish insurer MAPFRE has announced an update to its innovation model, aiming to increase agility, encourage collaboration, and maximise the effectiveness of company initiatives. The new model, MAPFRE Innovación, is already operational and will serve as a strategic guide for the coming years. It is viewed as a tool to create ... Read the full article
MAPFRE joins Blue Marble’s owner consortium through investment
9th September 2025
MAPFRE, a Spanish insurer and insurance group in Latin America, has joined the consortium of climate insurer Blue Marble as its newest owner through an investment in the company. Blue Marble is backed by a consortium of insurers committed to closing the protection gap for climate-vulnerable communities. This latest development brings the ... Read the full article
MAPFRE examines how AI will transform the insurance industry by 2035
4th August 2025
In a recent study, MAPFRE explores the future role of insurance in a world shaped by artificial intelligence (AI) by 2035, provisioning four plausible future scenarios to understand how these technology advances could affect people’s daily interactions and the key trends insurers must prepare for. In the study "The Future of ... 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
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
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