Latest Mapfreusa Headlines
All the headlines from our Mapfreusa Topic Page, ordered by recency.
MAPFRE Posts $9.1 Billion Q1 Total Revenues; $346.5 Net Income
May 6 2013 // Spain’s MAPFRE announced that it had total revenues of €6.942 billion [$9.1 billion], a 1.6 percent increase, and attributable results of €264.3 million [$346.5 million], down by 2.6 percent, in the first quarter...
MAPFRE Posts 10.1% Rise in 2012 Premiums to $29.28 Billion
Feb 7 2013 // Spain’s MAPFRE Group reported a 10.1 percent increase in premiums in 2012 to €21.5798 billion [$29.2838 billion], with its international business contributing over 60 percent of premiums and results from...
FUNDACIÓN MAPFRE’s Report on Latin America Market in 2012 Shows Strength
Jan 31 2013 // Of the 18 countries analyzed in the most recent report published by FUNDACIÓN MAPFRE, The Latin American insurance market, saw a 14.1 percent increase in premium volume with respect to the previous year, reaching a total...
Ratings Recap: Echelon, Nationale Suisse, MAPFRE Global Risks/Empresas
Dec 21 2012 // A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating (ICR) of “bbb+” of Echelon General Insurance Company, as well as the ICR of “bb+” of...
Euler Hermes and MAPFRE Form ‘Solunion’; a New Credit Insurance Venture
Nov 30 2012 // Euler Hermes and MAPFRE jointly announced the launch of “Solunion”- the brand name of their new credit insurance joint venture in Spain and four Latin American countries. Each partner owns 50 percent of the...
Ratings Roundup: MAPFRE PRAICO, Tunis Re
Jun 28 2012 // A.M. Best Co. has commented that the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of MAPFRE PRAICO Insurance Company, its wholly owned subsidiary, MAPFRE...
Best Sees No Change in MAPFRE USA Group Ratings
Jun 27 2012 // A.M. Best Co. has commented that the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings of “a” of the members of MAPFRE USA Group are unchanged following the recent market...
Best Sees No Change in MAPFRE RE’s Ratings despite Spain’s Economic Woes
Jun 27 2012 // A.M. Best Europe – Rating Services Limited has commented that the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of MAPFRE RE, Compania de Reaseguros,...
Best Affirms MAPFRE RE FSR; Downgrades ICR; Off Review; Negative Outlook
Jun 7 2012 // A.M. Best Europe – Rating Services Limited has downgraded the issuer credit rating (ICR) to “a” from “a+” and affirmed the financial strength rating of ‘A’ (Excellent) of MAPFRE RE,...
Best Affirms MAPFRE PRAICO FSR Ratings; Downgrades ICR; Outlook Negative
Jun 7 2012 // As Best announced in conjunction with these current rating actions, they follow a series of actions taken last December to address the implications for euro zone insurers. Generally it changed the outlook on the ratings,...
MAPFRE Q1 Results: Total Revenue Tops $8.8 Billion, Latin American Growth
May 10 2012 // Spain’s MAFRE Group posted total revenues for the first quarter of 2012 of €6.835 billion [$8.858 billion], an 11.5 percent increase compared to Q1 2011, “thanks to sustained growth of the international...
MAPFRE to Insure Iberia, Other Airlines for 3 Years
Apr 26 2012 // MAPFRE GLOBAL RISKS, a subsidiary of Spain’s MAPFRE, which specializes in underwriting large risks, announced that for the next there years it will insure the aviation risks in the insurance programs of Iberia,...
MAPFRE ASISTENCIA Launches Subsidiary in Malta
Mar 30 2012 // MAPFRE ASISTENCIA, a subsidiary company of Spain’s MAPFRE Group, and MIDDLESEA INSURANCE MIDDLESEA ASSIST, have formed a joint venture to operate in Malta, following an agreement between MAPFRE ASISTENCIA and...
10.36% Stake in MAPFRE AMERICA Sold for $324 Million
Mar 29 2012 // Banco Financiero y de Ahorros (BFA) has sold its 10.36 percent stake in MAPFRE AMÉRICA for a consideration of € 244 million [$324 million] to Spanish insurer MAPFRE through the exercise of a put option agreed between...
MAPFRE Group Licenses Risk Solution Products for Companies
Mar 6 2012 // MAPFRE Group’s David O’Gorman, URS Managing Director-Spain/Portugal/Latin America, announced that the group has “licensed Risk Explorer™, the Dynamic Financial Analysis (DFA) software and a suite of...
MAPFRE Highlights 19.3% 2010 Latin American Insurance Market Growth
Feb 14 2012 // A report from the FUNDACIÓN MAPFRE, which analyzed 19 Latin American countries, concludes that the Latin American insurance market “achieved in 2010 a 19.3 percent rise in premium volumes compared to the preceding...
Ratings: Transsib Re, Tokio Marine Pacific, MAPFRE Panama, Union Nationale, Sovereign (NZ), Labuan Re, Tugu, ARIG
Dec 22 2011 // A.M. Best Europe – Rating Services Limited has upgraded the issuer credit rating to “bb+” from “bb” and affirmed the financial strength rating of B (Fair) of Russia’s OJSC Transsiberian...
Ratings Roundup: MAPFRE USA, AXA US,
Dec 19 2011 // A.M. Best Co. has downgraded the financial strength rating to ‘A’ (Excellent) from ‘A+’ (Superior) and issuer credit ratings to “a+” from “aa-” of MAPFRE USA Group following...
Best Places MAPFRE PRAICO Group’s Ratings on Review/Negative
Dec 19 2011 // A.M. Best Co. has placed under review with negative implications the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a+” of MAPFRE PRAICO Group (MPG) and its members,...
Best Downgrades MAPFRE RE’s Ratings; Placed on Review/Negative
Dec 15 2011 // A.M. Best Europe – Rating Services Limited announced that “as a result of the continued negative developments regarding the euro zone sovereign debt crisis,” it has downgraded the financial strength rating to...
