Madrid-based Mapfre is transferring its workers’ compensation and health activities in Argentina to the Argentinian company, Galeno.
The transaction also calls for commercial collaboration between both firms, whereby Mapfre’s branches and exclusive agents in Argentina will continue to distribute these products, and the Galeno network will commercialize Mapfre Argentina insurance products.
Antonio Huertas, chairman of Mapfre, said the deal will expand his company’s distribution network of Mapfre Argentina and Mapfrre Salud insurance products in Argentina.
Galeno specializes in workers’ compensation and health hazards and has a large network of private clinics in the country.
Topics Workers' Compensation
Was this article valuable?
Here are more articles you may enjoy.
OpenAI Models Hacked Another Company’s Systems by Mistake 
Allstate’s $1.7M RICO Claims Fraud Suit Merits Trial, Not Arbitration: NJ High Court 
Florida’s Share of Claims Lawsuits Now About Half of 2020 Numbers, Data Show 
Mapfre to Acquire Safety Insurance for $1.54 Billion in Cash Deal 
