Mapfre

Ibex, Markets 14th September 2018

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.

Spanish economy 2nd April 2018

A flood of ratings improvements from S&P for Spanish firms: Bankia, Mapfre, and state-owned Cores

The credit ratings agency Standard & Poor’s Global Ratings has begun to raise some Spanish companies’ ratings, which was expected after it improved its rating on the country from “BBB+/Positive” to “A-/Positive” on March 23. Bankia, Mapfre and state-owned Cores are the three chosen firms.

Ibex, Markets 6th December 2017

Mapfre To Leave New York And Four Other US States; To Restructure International Business

Mapfre said last Friday that it will restructure its business in the US “to optimise its profitable growth structure and concentrate the operations there in a smaller number of states.”

Ibex 23rd March 2017

Mapfre Issues €600 M In Subordinated Bonds With 236 European Institutional Investors

Mapfre has successfully placed subordinated bonds with 236 institutional investors from different European countries. The UK and Ireland took up 22% of the total issuance, France 16%, Germany and Austria 14% and Italy 13%.

Interviews 1st April 2015

“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.

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