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In June 2008, The Commerce Group, Inc. was acquired by Mapfre S.A. Mapfre, based in Madrid, was founded in 1933 as a landowners' co-operative; it is now a public company and the largest insurance group in Latin America with a presence in 43 countries, and about 51,000 agents worldwide.
Mapfre, S.A. (Spanish pronunciation:, officially typeset MAPFRE) is a Spanish multinational insurance company, based in Majadahonda, Madrid.The name comes from the old mutual origin of the company (Mutualidad de la Agrupación de Propietarios de Fincas Rústicas de España), but the company now only refers to itself as Mapfre.
State-Wide Insurance Company primarily writes private passenger automobile insurance in the state of New York. In June 2008, The Commerce Group, Inc. was acquired by MAPFRE S.A. MAPFRE is the largest insurance group in Latin America and has a presence in 43 countries, with about 51,000 agents worldwide. The company was renamed as MAPFRE Insurance.
Middlesea Insurance registered in 1981 as the first insurance company transacting general business in Malta. The company added life insurance to its offerings in 1983. In 1994, it became the first local insurance company to be listed on the Malta Stock Exchange, and it was in that same year that Middlesea appointed its first Insurance Agency together with the foundation of Middlesea Valletta ...
In 1998 the company became re-insurance market leader in Latin America and the first among foreign companies in general. [97] On the Latin American market MAPFRE engaged in 10 companies before 1990 and 22 after that date. [98] During Larramendi's tenure MAPFRE failed to develop more than testimonial business in Europe. [99]
In 1980, the company became an insurance carrier when Essex Insurance Company was incorporated and licensed to write excess and surplus lines business. [5] In 1986, the Markel Corporation was listed on the NASDAQ exchange, with an IPO offered at $8.33 per share. The company's trading was moved to the NYSE in 1997. [6]
Antonio Huertas Mejías (born January 18, 1964, in Villanueva de la Serena) is a Spanish manager who has been the chairman and CEO of Mapfre since December 2011. He is a non-executive director of Consorcio de Compensacion de Seguros .
TruStage is the insurance arm of TruStage Financial Group, which is rated "A" (Excellent; 3rd highest out of 16 possible ratings) by credit rating agency A.M. Best as of February 2017. [ 11 ] TruStage Financial Group first registered the TruStage brand trademark in 2010, and it was first used commercially in 2013. [ 12 ]