Mapfre

Mapfre shares dip as net result falls to €76mn in Q4

Shares in Madrid-headquartered (re)insurer Mapfre were down 4.4 percent in morning trading on Thursday after the carrier’s net result fell almost 50 percent in the fourth quarter of 2020.

Mapfre shares dragged down by Brazil crisis; P&C to improve at Q4

Shares in Spanish (re)insurer Mapfre have underperformed the wider insurance sector by around 15 percent since the pandemic-induced sell-off in global equities last year and remain under pressure as the carrier’s return on capital is weighed down by its exposure to the volatile Brazilian real.

China, US and India offer most insurance potential: Mapfre

China, the US and India offer the highest insurance potential in the medium and long term in both life and non-life lines, according to the latest Global Insurance Potential (GIP) index from Mapfre.

Mapfre Re swings to 9M loss as group books €231mn Covid-19 claims

The reinsurance arm of Spanish giant Mapfre has posted a €25.3mn ($27.9mn) loss for the first nine months of the year, compared with a gross profit of €134.1mn a year ago, as a result of losses stemming from Covid-19 and Puerto Rican earthquakes.

Mapfre partners with insurtech Shift on claims

Mapfre has partnered with Paris-based start-up Shift Technology to create a claim automation solution.

Mapfre Re appoints San Basilio as CUO

Mapfre Re has appointed Javier San Basilio as chief underwriting officer.

Mapfre adds 6.6 points to solvency ratio despite Covid headwinds

Spanish (re)insurer Mapfre improved its Solvency II ratio by 6.6 percentage points in the second quarter of 2020.

Mapfre reshuffles Iberia, Brazil and US management

Mapfre has reshuffled its management teams in three key regions around the world including the appointment of new CEOs in Brazil and the US in moves which CEO Antonio Huertas said “will give a renewed boost to our operations”.

Mapfre and Bankia to merge BMN insurers: reports

Spanish (re)insurer Mapfre and Bankia have agreed to merge Banco Mare Nostrum’s (BMN) insurance units into their jointly held insurance company, according to reports.

Markets Review: Mapfre sheds 6% in Euro red week

Shares in Spanish (re)insurer Mapfre shed over 6 percent in a choppy week of trading for European P&C stocks triggered by pessimistic Brexit negotiations and a gloomy economic view from the Federal Reserve and mixed US data.

Mapfre pens deal with Paraguay’s Sudameris Bank in LatAm push

Spanish (re)insurer Mapfre has partnered with Paraguay’s Sudameris Bank to expand its bancassurance business and bolster its footprint in the country.

Mapfre’s “outstanding” H1 u/w result does not change broader issues: KBW

Mapfre’s underwriting result for 2020’s second quarter has been labelled “outstanding”, although the “flash of light does not make things shining all around”, according to Keefe, Bruyette & Woods’ (KBW) analyst Michele Ballatore.

Mapfre Re falls to Eur51.7mn H1 loss as books Eur153mn Covid-19 hit

The reinsurance arm of Spanish reinsurer Mapfre has fallen to a H1 loss of Eur51.7mn ($59.9mn) on the back of Covid-19 losses and catastrophes in Puerto Rico and Spain.

Mapfre launches Eur50mn social impact fund

Spanish (re)insurer Mapfre has launched an investment vehicle to provide financing to companies with high social impact on both frontier and emerging markets.

Mapfre led renewed European sell-off as virus fears bite

Shares in Spanish (re)insurer Mapfre fell over 11 percent in a renewed sell-off for European (re)insurance equities last week as investor confidence took another hit on surging coronavirus cases in the US and an ominous warning from the IMF.

Mapfre partners with PE to launch Eur250mn fund

Spanish (re)insurer Mapfre has committed Eur250mn ($280mn) to launch a ‘fund of funds’ targeting the private equity market in partnership with Abante and Altamar.

Mapfre solvency ratio dips 9.6 points on Covid-19 market downturn

Spanish (re)insurer Mapfre’s Solvency II ratio decreased by 9.6 percentage points during the first quarter of 2020 as a result of the global capital market turmoil driven by the coronavirus pandemic.

Mapfre flags Q1 profit miss with nat cat hit of Eur68mn

Spanish (re)insurer Mapfre has signalled its Q1 net earnings will be down nearly a third on the previous year at Eur127mn ($137.8mn), driven by natural catastrophes in Spain and Puerto Rico that contributed to a loss bill of Eur68mn.

Covid-19 to cause “significant” premium setback: Mapfre

Sharp declines in global GDP caused by the spreading coronavirus will lead to “significant setbacks” in insurance premiums at the aggregate level, according to Mapfre.

IRB Brasil Re welcomes ex-Mapfre Brasil CEO as risk and compliance exec

IRB Brasil Re has undergone further management upheaval after the reinsurer parted ways with risk and compliance executive Lucia Maria da Silva Valle and replaced her with former Mapfre Brasil CEO Wilson Toneto.

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