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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.
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.
In 2011, Mapfre Internacional S.A. finalised the arrangements which led to its acquisition of Munich Re's 19.99% shareholding in Middlesea. [3] Following this transaction, MAPFRE increased its aggregate shareholding in Middlesea to 50.98% of the issued share capital, thus acquiring a controlling interest in the company.
CVS Health United States: 62.2 16 Life Insurance Corporation India: 56.6 17 China Pacific Insurance Company China: 53.7 18 Health Care Service Corporation United States: 46.7 19 Progressive Corporation United States: 46.4 20 The Allstate Corp United States: 45.8 21 Zurich Ins Group Ltd Switzerland: 44.8 22 HDI Germany: 44.2 23 Liberty Mutual
The company offers car insurance, residential, health, life, and business, and the consortium also offers auto and homeowners, pension, savings bonds and other financial services. Porto Seguro competes with Bradesco Seguros, BB Seguridade, SulAmérica, Mapfre, Zurich Insurance Group and other insurance and reinsurance companies in Brazil.
Following introduction of obligatory health insurance Larramendi set up MAPFRE Mutua Patronal de Accidentes de Trabajo. [75] In the early 1960s he pushed for developing a financial arm, intended to merge insurance with credit as a combined offer to car buyers; the plan was accomplished in 1962 by taking over Central de Obras y Crédito [ 76 ...
Insular Health Care, Inc. (Health/HMO) Insular Investment Corporation (Investment banking) Insular Life Management and Development Corporation (Management services) ILAC General Insurance Agency (General agency) Affiliates. Mapfre Insular Insurance (Non-life Insurance underwriting) Maria Health (Health/HMO marketing) [18] PPI Prime Venture ...
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 .