Latest Mapfreusa Headlines
All the headlines from our Mapfreusa Topic Page, ordered by recency.
Massachusetts Insurance Agents, Carriers Helping Their Towns Get Back to Normal After Gas Explosions
Sep 25 2018 // As three Massachusetts towns continue to face the after effects of a series of natural gas explosions, finding some normalcy may seem nearly impossible. However, this is something MAPFRE Insurance was seeking to offer as...
MAPFRE Insurance Set to Exit New York, New Jersey Markets
Jun 15 2018 // MAPFRE Insurance has entered into definitive agreements with affiliates of The Plymouth Rock Company to exit the states of New York and New Jersey as part of MAPFRE’s previously announced strategy to focus on its...
Safeco to Take Up Mapfre’s Tennessee, Kentucky, Indiana Business
Feb 20 2018 // MAPFRE Insurance, which last year decided to exit five states and focus on 11, is turning over its personal lines business in three of the five states it is leaving to Safeco Insurance, a Liberty Mutual unit. MAPFRE has...
MAPFRE USA to Exit 5, Focus on 11 States; Sell New York and Life Units in Reorganization
Dec 5 2017 // Insurer MAPFRE USA, which now writes in 19 states, is narrowing its focus by concentrating on 11 key states, exiting five states including selling its New York subsidiary, and selling its life insurance unit. MAPFRE USA...
MAPFRE Gains 51% of Indonesian Insurer ABDA to Expand in South East Asia
Jun 13 2017 // Insurer MAPFRE, which already owned 31 percent of the insurer, has gained 51 percent and effective control of Indonesian insurance company PT Asuransi Bina Dana Arta Tbk (ABDA). The transaction was closed at a price of 90...
MAPFRE Insurance to Provide Coverage for Massachusetts Rideshare Drivers
Mar 31 2017 // In an important move aimed at protecting Massachusetts drivers, MAPFRE Insurance will be among the first insurers in the state to offer gap coverage to auto insurance policyholders using their personal cars to drive for...
Castelo Takes Charge at MAPFRE North America, USA
Jan 26 2017 // Spanish insurer MAPFRE Group’s new CEO for its North America arm has assumed his responsibilities. Alfredo Castelo is now president and CEO of both MAPFRE U.S.A. Corp. and MAPFRE North America region. He is replacing...
MAPFRE Appoints Tamayo as CEO of International; Castelo Named CEO of US Unit
May 5 2016 // Madrid-based MAPFRE S.A. has promoted Jaime Tamayo as CEO of the international territorial area. In his new responsibilities, Tamayo will oversee three regions at MAPFRE: the North America region; the EMEA region,...
MAPFRE Posts $512 Million Q1 Pre-tax Profits; Revenues up 8.9% to $8.389 Bn
May 11 2015 // Spain’s MAPFRE posted significant increases in the first quarter of 2015 with total revenues up 8.9 percent to €7.515 billion [$8.389 billion] and “gross written and accepted premiums” up by 2.6...
Business Moves
Feb 23 2015 // Majesco, Agile Insurance technology firm Majesco has completed the acquisition of the insurance business of Agile Technologies, a technology consulting firm with revenues of more than $9 million. Terms of the deal were not...
MAPFRE Net Income Rises 6.9% on Rebound in Spanish Business
Feb 11 2015 // MAPFRE SA, Spain’s biggest insurer, recorded a 6.9 percent rise in net income last year on higher returns in its home market. Net profit grew to 845 million euros ($956 million) from 790.5 million euros a year...
MiddleOak Exiting Personal Lines; Selling Business to Mapfre
Feb 5 2015 // Spanish insurance giant MAPFRE SA has said it wants to expand and is eying acquisitions in both Europe and the U.S. Barely two months into 2015, it has pulled the trigger on one such deal in New England, reports...
MAPFRE Enters Mass. Life Insurance Market
Sep 8 2014 // MAPFRE U.S.A. has begun selling a term life insurance product in Massachusetts, where MAPFRE’s subsidiary, Commerce Insurance, is the largest auto and home insurance carrier. MAPFRE said it is seeking to leverage its...
MAPFRE Enters Life Insurance Market in Massachusetts
Aug 27 2014 // MAPFRE U.S.A. said it has begun selling a term life insurance product in Massachusetts, where MAPFRE’s affiliate Commerce Insurance Company is the largest auto and home insurance carrier. MAPFRE said it is seeking to...
MAPFRE Insurance Enters Pennsylvania Auto, Home Insurance Market
Jul 3 2014 // MAPFRE Insurance has entered the Pennsylvania insurance market. MAPFRE’s operations in Pennsylvania will be headquartered in King of Prussia and the company will offer private passenger automobile and homeowners...
Ratings Recap: Penn National, MGA, MAPFRE USA
May 19 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Pennsylvania National Mutual Casualty Insurance Company and its...
Ratings Recap: Samsung Europe, Transmonde, MAPFRE PRAICO, Ocaso
Apr 15 2014 // A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of UK-based Samsung Fire & Marine Insurance Company of Europe, Limited (SFME), both...
MAPFRE Details Future Plans – U.S. Expansion, Increased Operating Revenue
Mar 17 2014 // Spanish insurance group MAPFRE’s Chairman and CEO, Antonio Huertas, referred to the strategic objectives for the next three years, as he announced the highlights at its Annual General Meeting. The group forecast...
MAPFRE Earnings up 18.7% to $1.078 Billion; Revenues at $35.32 Billion
Feb 12 2014 // Spain’s MAPFRE Group announced that its earnings for 2013 rose by 18.7 percent, to €790.5 million [$1.078 billion], while total revenues rose by 2.3 percent to €25.889 billion [$35.32 billion]. The earnings...
MAPFRE | Commerce Insurance Launches Telematics Program in Massachusetts
Dec 18 2013 // MAPFRE | Commerce Insurance has launched its DriveAdvisorProgram in Massachusetts. The new program will allow eligible Massachusetts drivers to receive comprehensive information on driving patterns and overall driving...
