Mapfre

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

The Mutualist Roots Of Mapfre Has Not Let It Keep Up With The Rest Of The Sector

The Spanish leader in insurance has registered a modest performance of +14% in the last two years, the weakest among the insurers analysed at Alphavalue. Since August 2017, when the hurricane season began in the US, Mapfre has not been able to keep up with the rest of the sector. In Alphavalue´s estimates, the company should benefit from a first series of three consecutive years of growth in net profits in the period 2018-20.




“The City and Wall Street dished out an unreasonable level of punishment to the euro”

MADRID | April 1, 2015 | By Fernando Barciela | The Corner caught up with Luis Iturbe, a board member with Spanish insurance giant, Mapfre. He emphasises the improving health of the Spanish banking sector, but says that the capital increases by lenders, notably Santander, have prevented the Spanish stock market to reach the same revaluations as its peers. He also states that markets in London and New York dished out an unreasonable level of punishment to the euro and Greece.