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Mapfre

Mapfre

European economy 15th July 2024

Mapfre and Swiss Life Group increase real estate fund with transfer of two properties in Madrid and Paris valued at almost €140 million

Link Securities | The real estate alliance between Mapfre and Swiss Life Group has expanded, as both companies have reached an agreement to transfer two more properties to their real estate funds, the digital portal elEconomista.es reported. They are located in Madrid and Paris and have a combined value of almost 140 million euros. Specifically, the Spanish insurer has transferred the building at Avenida de Burgos 12, located in the…

mapfre masmovil acuerdo

Spanish economy 26th November 2023

Mapfre and MásMóvil sign agreement to offer more than 15 M potential customers wide range of insurance products

Link Securities| The MásMóvil group and Mapfre (MAP) have signed an agreement to offer the telecommunications company’s customers a wide range of innovative insurance products, according to Expansión newspaper on Thursday. Thanks to this agreement, Mapfre will attract more than 15 million potential customers in Spain to whom it will offer its home, civil liability and commercial insurance products, which will soon be available to private customers, the self-employed and…

Mapfre

Spanish economy 25th May 2022

Mapfre’s solvency ratio 205,3% end-March 2022, within tolerance threshold

Link Securities | In a Relevant Fact sent to the CNMV, Mapfre has communicated to the General Directorate of Insurance and Pension Funds the quarterly recalculation of its solvency position. This is to comply with the European Central Bank (ECB)’s requirement in the context of financial stability. It also follows the Insurance Supervisor’s recommendation based on good practices for Internationally Active Insurance Groups. According to the calculations which have been…

Mapfre

Spanish economy 20th April 2022

Mapfre’s total premiums grow 10.9% yr-on-yr in Q1’22 to €6.537 B vs +8% en 2021

Renta 4 | The company has published an advance of premiums issued in the first quarter of the year, ahead of the release of the quarterly results on April 28th. Insurance premiums grew 12.1% year-on-year in Q1’22, while total group premiums were up 10.9% at 6.537 billion euros (vs 8% yr-on-yr in 2021, +3.5% vs R4e). By geographical areas, in Iberia premiums rose 2.3% year-on-year in Q1’22, to a total…

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Spanish economy 1st January 2022

Mapfre To Receive €571m Compensation From Caixabank For The Break-Up Of The Bancassurance Alliance With Bankia

Mapfre has reached an agreement with Caixabank on the insurance business and announced a restructuring of the Spanish business. The compensation to be received by Mapfre for the break-up of the bancassurance alliance with Bankia amounts to 571 million euros. Of the total, 323.7 million euros corresponds to the sale to Caixabank of 51% of Bankia Vida for 110% of the market value (established by an independent expert). Then there…

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Spanish economy 30th August 2021

Mapfre Partners With AAA Washington

Mapfre Insurance – which serves customers in 13 US states, the largest auto and home insurer in Massachusetts and the 21st largest private personal auto insurer in the US – and AAA Washington – which offers its 1.2 million members exclusive benefits including roadside assistance, discounts, maps and personalised travel planning – have entered into an agreement to create a joint venture dedicated to the co-marketing of auto and home…

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Ibex, Markets 17th February 2020

Mapfre Lifts Net Profit 15.2% To 609 Million Euros In 2019

Mapfre recorded a 15.2% increase in 2019 net profit to 609 million euros, with revenues up 7.1% at 28,472 million euros. The company headed by Antonio Huertas will pay 447 million euros in dividends from 2019 results, amounting to 0.145 euros per share and a yield of 5.7%.

Mapfre

Ibex 3rd July 2019

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

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.