Direct Line Insurance Group Plc sold its German and Italian businesses to Spain’s Mapfre SA for €550 million ($700 million) as the company pares back its international operations to cut costs and pay a dividend. The U.K.’s biggest home and …
MAPFRE Insurance has entered the Pennsylvania insurance market. MAPFRE’s operations in Pennsylvania will be headquartered in King of Prussia and the company will offer private passenger automobile and homeowners insurance to customers through its network of independent agents. MAPFRE’s launch …
Euler Hermes and MAPFRE jointly announced the launch of “Solunion”- the brand name of their new credit insurance joint venture in Spain and four Latin American countries. Each partner owns 50 percent of the company, which is set to launch …
Spain’s Mapfre said it concluded a €1 billion [$1.284 billion] debt issuance of senior notes with a fixed coupon of 5.125 percent, issued at par, which the company said, was 3.7 times oversubscribed, despite a “challenging credit market environment.” The …
Turkey holds strategic significance for insurer Mapfre in its plans to expand into East Europe and the Middle East, the chairman of the company said in remarks in Istanbul. Antonio Huertas confirmed his company’s long-term commitment to Turkey and the …
Spain’s MAFRE Group posted total revenues for the first quarter of 2012 of €6.835 billion [$8.858 billion], an 11.5 percent increase compared to Q1 2011, “thanks to sustained growth of the international business,” the report noted. Recurring results grew by …
MAPFRE GLOBAL RISKS, a subsidiary of Spain’s MAPFRE, which specializes in underwriting large risks, announced that for the next there years it will insure the aviation risks in the insurance programs of Iberia, Vueling, Air Nostrum and the newly created …
MAPFRE ASISTENCIA, a subsidiary company of Spain’s MAPFRE Group, and MIDDLESEA INSURANCE MIDDLESEA ASSIST, have formed a joint venture to operate in Malta, following an agreement between MAPFRE ASISTENCIA and MIDDLESEA INSURANCE, MAPFRE INTERNACIONAL’s direct insurance company operating in the …
Banco Financiero y de Ahorros (BFA) has sold its 10.36 percent stake in MAPFRE AMÉRICA for a consideration of € 244 million [$324 million] to Spanish insurer MAPFRE through the exercise of a put option agreed between the parties in …
MAPFRE Group’s David O’Gorman, URS Managing Director-Spain/Portugal/Latin America, announced that the group has “licensed Risk Explorer™, the Dynamic Financial Analysis (DFA) software and a suite of other products from Ultimate Risk Solutions (URS).” The bulletin described “Risk Explorer™” as the …
