MAPFRE News

Generali CEO Says Insurer Has Financial Strength for M&A Deals

Italian insurance giant Assicurazioni Generali SpA has the financial means for acquisitions that fit its template for value creation, according to Chief Executive Officer Philippe Donnet. “We are considering very strict discipline for M&A which allows value creation,” Donnet said …

Generali CEO’s Strategic Wishlist Includes €10 Billion Deals

Assicurazioni Generali SpA is analyzing a range of potential takeover candidates as part of the insurer’s growth plans, with some of them worth more than €10 billion ($10.9 billion), according to people familiar with the matter. The Italian insurer would …

Brazil Subsidized Rural Insurance for Deforested Farms: Report

Brazil subsidized rural insurance for farmers who deforested protected areas, engaged in slavery-like labor or planted in indigenous lands, according to a report from a nonprofit group. An investigation by Repórter Brasil found that farmers benefited from a government-backed insurance …

People Moves: FM Global Names Tadmoury to Lead EMEA, APAC, Canada Operations; Rosa Promoted to CEO of MAPFRE RE, Pérez de Lema Named CEO of New Insurance Unit

This edition of International People Moves details appointments at FM Global and MAPFRE and MAPFRE RE. A summary of these new hires follows here. FM Global Names Tadmoury to Lead EMEA, APAC, Canada and Specialty Commercial property insurer FM Global …

People Moves: Glass to Succeed Retiring Brashears as CEO at Brethren Mutual; MAPFRE’s Whitely to Lead Business Development

Brethren Mutual President/CEO Brashears to Retire; Glass Named Successor Brethren Mutual Insurance Co. President ad Chief Executive Officer Mike W. Brashears will step down from his leadership position on December 31, 2022, after a 44-year career with the company. The …

People Moves: Travelers’ Zimmerman Moves to MAPFRE; Bigglestone to Succeed Provost at Vermont Captive Unit; Koch Named New Jersey Workers’ Comp Chief Judge

MAPFRE USA Hires Zimmerman to Lead Commercial Lines MAPFRE USA, a leading personal and commercial auto writer and home insurer in Massachusetts, announced that Jesse Zimmerman has joined the leadership team as vice president of commercial lines. Zimmerman will oversee …

Efma-Accenture Innovation Awards Offer View of Insurance Industry’s Transformation

Daniele Presutti, Accenture’s Insurance lead in Europe, and Silvia Milián, Accenture’s Insurance lead for strategy and consulting in Iberia discuss how the submissions to 2021’s Efma-Accenture Innovation in Insurance Awards demonstrated the extent that the insurance industry has been developing …

Insurer Mapfre to Make $983.8M Pay-out for Construction Issues With Colombia Dam

Spanish insurer Mapfre on Friday signed a contract to make a $983.8 million contingency pay-out to Colombia’s Empresas Publicas de Medellin (EPM) over issues with the construction of the massive Hidroituango dam. The funds will guarantee that the project can …

Proposed Mass. Bill Limits Auto Claims Investigations, Shifts Payments to Insurers

A proposed bill was heard last month in the Massachusetts legislature that aims to place a time limit on auto insurance claims investigations and would make investigating insurers responsible for premium payments until the cause of loss is determined. The …

UK Insurer Admiral Sells Price Comparison Unit to Zoopla in $685 Million Deal

UK home and car insurer Admiral Group Plc agreed to sell its price-comparison unit to the owner of property portal Zoopla in a transaction valued at 508 million pounds ($685 million). Admiral will get about 450 million pounds in the …