Fitch Ratings has affirmed Spanish insurer MAPFRE, S.A. core operating subsidiaries’ Insurer Financial Strength (IFS) Ratings at ‘A+’ (Strong) and MAPFRE’s Issuer Default Rating (IDR) at ‘A-‘. The Outlooks are Stable.
This rating is based on several key factors, including a very strong business profile, very strong capitalization, moderate leverage, strong and resilient profitability, and moderate investment risk.
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MAPFRE RE has obtained on 2 July 2024 official approval from the National Financial Regulatory Administration of the People’s Republic of China to open its branch in Beijing. MAPFRE RE started its cooperation with China’s insurance market back in the early 80’s....
It took place from May 6th to 9th. This new edition organized by Javier Sánchez Cea, Regional Manager of APAC brought together clients from Argentina, Brazil, Cambodia, Chile, Colombia, Germany, Israel, Italy, Japan, Korea, Lebanon, Spain, Thailand, Turkey, UK and...
With great enthusiasm, we have commemorated MAPFRE RE’s 40th anniversary in Mexico.