Mapfre

Mapfre, S.A.
Type Sociedad Anónima
Traded as BMAD: MAP
Industry Insurance
Founded 1933
Headquarters Majadahonda, Spain
Key people José Manuel Martínez (Chairman and CEO)
Products Life and non-life insurance, investment management
Revenue €20.47 billion (2010)[1]
Profit €933.5 million (2010)[1]
Total assets €48.67 billion (end 2010)[1]
Total equity €7.796 billion (end 2010)[1]
Employees 35,700 (average, 2010)[1]
Website www.mapfre.com

Mapfre (officially typeset MAPFRE) is a Spanish insurance company, based in Majadahonda, Madrid. The name comes from the old mutual origin of the company (Mutua de Accidentes de Propietarios de Fincas Rústicas de España), but the company now only refers to itself as Mapfre. It is the leading insurance company in Spain[2] and the largest non-life insurance company in Latin America.

The company purchased Webster, Massachusetts-based Commerce Insurance Group, a major provider of motor insurance, for over €1.5 billion in October 2007.[3] Mapfre was listed in the Fortune Global 500 list on its 2008 edition.[4] Rafael Nadal is officially sponsored by the company.

In October 2010, Mapfre acquired British travel insurance provider, InsureandGo, for an undisclosed sum.[5][6][7]

References

  1. ^ a b c d e "Annual Report 2010". Mapfre. http://www.mapfre.com/ccm/content/documentos/accionistas/ficheros/informes_anuales_corporacion/2009/2011-04-15_MAPFRE_SA_2010_ANNUAL_REPORT.pdf. Retrieved 25 April 2011. 
  2. ^ Gore, Gareth (3 November 2008). "Sabadell, Iberia, Metrovacesa, Repsol, Impresa: Iberian Preview". Bloomberg. http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=MAP%3ASM&sid=alQ5Z3Pc4PHg. Retrieved 2009-01-29. 
  3. ^ "Mapfre acquires US insurer Commerce for 1.538 bln eur". AFX News (Forbes). 31 October 2007. http://www.forbes.com/feeds/afx/2007/10/31/afx4281926.html. Retrieved 2009-01-29. 
  4. ^ "Global 500 2008: Global 500 401-500". CNN. http://money.cnn.com/magazines/fortune/global500/2008/full_list/401_500.html. 
  5. ^ "Mapfre taps InsureandGo’s online know-how". e-tid.com. 08 October 2010. http://www.e-tid.com/News-Home/Mapfre-taps-InsureandGo%E2%80%99s-online-know-how.aspx. Retrieved 2011-02-05. 
  6. ^ "Mapfre acquires Insure and Go". Insurance Times. 01 November 2010. http://www.insurancetimes.co.uk/story.asp?sectioncode=69&storycode=387593&c=1. Retrieved 2011-02-05. 
  7. ^ "Mapfre swoops for Insure & Go". Post Online. 01 November 2010. http://www.postonline.co.uk/post/news/1863836/mapfre-swoops-insure. Retrieved 2011-02-05. 

External links

IBEX 35 companies of Spain

Afianzadora Latinoamericana (Argentina)  · Allianz SE (Germany)  · Askrindo (Indonesia)  · Aspen Re Europe (Switzerland)  · Atradius (worldwide)  · AXA Assurcredit (France)  · AXA-Winterthur (Switzerland)  · AXIS Re (Ireland)  · Catlin Re (Switzerland  · CESCE (Spain)  · China National Investment & Guaranty Company (China)  · CLAL (Israel)  · Coface (worldwide)  · COSEC (Portugal)  · CGIC (South Africa)  · Ducroire/Delcredere (Belgium)  · ECICS (Singapore)  · Euler Hermes (worldwide)  · Fianzas Atlas (Mexico)  · Fianzas Monterrey (Mexico)  · Garant (Austria)  · Groupama (France)  · GCNA (Canada)  · Hannover Re (worldwide)  · HCC International (UK)  · ICIC (Israel)  · Lombard Insurance Company (South Africa)  · Mapfre (Spain)  · Mitsui Sumitomo (Japan)  · Munich Re (worldwide)  · Nationale Borg (Netherlands)  · Novae Group plc (UK)  · Partner Re (worldwide)  · PICC (China)  · Prisma (Austria)  · QBE Insurance (Australia)  · SACE BT (Italy)  · SCOR Switzerland (worldwide)  · Seoul Guarantee Insurance Company (Korea)  · SID First Credit (Slovenia)  · Sompo Japan (Japan)  · Swiss Re (worldwide)  · Tokio Marine & Nichido Fire (Japan)  · Tryg Garanti (Denmark)  · Zurich Insurance plc (Germany) Zurich Surety, Credit & Political Risk (USA)  · Zurich Surety UK (UK)  ·