Mapfre completes the purchase from Santander of 50.01% of a new insurance broker

The mutualist roots of Mapfre has not let it keep up with the rest of the sector

Mapfre (MAP) said this week that the acquisition, which had already been announced in January, of 50.1% of a new insurance broker from Banco Santander through its subsidiary Mapfre España has been completed, pending the corresponding authorisations. The broker will commercialise insurance for cars, multi-risk trade, multi-risk SMEs and civil responsability exclusively for Santander´s network in Spain.