Reinsurance News
Mapfre
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
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 USA promotes Olohan to Chief Operating Officer
21st June 2024
Industry veteran Daniel P. Olohan has been promoted to Chief Operating Officer (COO) of MAPFRE USA, effective August 1, 2024. Olohan has been with the firm since 2006, and has served as General Counsel and Secretary since 2008. As well as taking on this new role, Olohan will also join the Board of ... 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
Preparing insurers for future Generative AI advancements: MAPFRE
20th March 2024
In a recent report conducted by Spanish insurer MAPFRE, a framework of actions is presented for insurers to consider in anticipation of potential advancements in Generative Artificial Intelligence (AI), aimed at mitigating risks and fostering a positive impact on society. The report, titled, “Exploring tomorrow: the role of insurers in a ... Read the full article
MAPFRE seeking average 6% revenue growth, 95-96% CR over next three years
18th March 2024
MAPFRE has revealed that it is targeting average revenue growth of 6% over the next three years, with an aim of exceeding €32 billion in premiums by the end of the three-year period. At the same time, the company is also seeking an 11% return on equity for 2026, as well ... 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 collaborates with Akur8 to enhance pricing capabilities
26th January 2024
Spanish insurance company MAPFRE has selected insurtech Akur8’s RISK and RATE modules to boost their pricing capabilities. According to the announcement, this collaboration will empower MAPFRE’s actuarial team to build powerful, explainable pricing models and establish a robust predictive modelling framework. Specifically developed for insurers, the RISK and RATE modules solution is able ... Read the full article
MAPFRE and Cyberwrite partner to promote cyber protection for SMEs with AI
29th November 2023
MAPFRE and technology provider Cyberwrite have joined forces to help the insurer's clients reduce the risk of cyber-attacks with AI. The Spanish firm explained that Cyberwrite will provide it with a cyber insurance risk platform for SME companies, with the aim of having a more accurate knowledge of the risk at ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
