Mapfre Re announced that it has been authorised to establish a local reinsurer in Brazil, through its new subsidiary MAPFRE RE DO BRASIL Companhia de Reasseguros.
The bulletin noted that Bosco Francoy, “together with a group of talented managers,” will manage the new company, which will be a 100 percent owned subsidiary of Mapfre.
Mapfre Re is a member of Spain’s Mapfre group. It now has a “direct presence in 16 countries, has offices in Argentina, Colombia, Chile, Mexico and Venezuela, from where it gives service to all its Latin American businesses,” the bulletin added. Premium volumes in 2007 were €1.6 billion ($2 billion), an increase of 11.2 percent over the previous year, which allowed the company to consolidate its position in the sector.
Source: Mapfre Re – www.mapfre.com
Banks Still Face Legal Claims After $25 Billion Settlement
MF Global Judge to Examine Insurance Payments for Former Executives
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
