The opening reflects the company’s objective of increasing its reinsurance business in the Asia Pacific region
MAPFRE RE will shortly open a new representative office in Tokyo (Japan) with the aim of strengthening its presence in Asia, where it already operates from China, Singapore, Malaysia and Philippines. Jun Matsuoka, an experienced insurance and reinsurance professional based in Japan, will head up the new MAPFRE RE office.
According to MAPFRE RE’s APAC regional manager, Jesús Galeote, “this opening allows us to consolidate even further our already close relationships with companies in the Japanese market, and clearly underscores our commitment not only to such a strategic market, but to the whole region”.
MAPFRE RE is the reinsurance unit of MAPFRE Group and has offices in 20 cities around the world, from which it provides services in more than 100 countries. It has consolidated its position as the 16th largest reinsurer in the world by premium volume and is a top contributor to group revenue. In 2016, the Reinsurance Unit’s premiums reached 4.24 billion euros, with net earnings of 186 million euros.
