Mapfre

For the yacht, see Mapfre (yacht).

Mapfre, S.A.
Company typeSociedad Anónima
BMAD: MAP
ISINES0124244E34
IndustryInsurance
Founded16 May 1933; 91 years ago (1933-05-16)
Headquarters
Majadahonda, Madrid
,
Spain
Number of locations
4,993
Key people
Antonio Huertas (Chairman and CEO)
ProductsLife and non-life insurance, investment management
RevenueDecrease €25.419 billion (2020)[1]
Decrease €526.5 million (2020)[1]
AUMDecrease €55.181 billion (2020)[1]
Total assetsDecrease €69.152 billion (2020)[1]
Total equityDecrease €9.24 billion (2020)[1]
Number of employees
Decrease 33,730 (2020)[1]
Subsidiaries
Websitewww.mapfre.es

Mapfre, S.A. (Spanish pronunciation: [ˈmafɾe], 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. 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 vehicle 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] The company was sold again in 2021.

In March 2012, Antonio Huertas took over as Mapfre's chairman from José Manuel Martínez, who had held the role since 2001.[8][9]

  1. ^ a b c d e f "Annual Report 2020" (PDF). MAPFRE. Retrieved 19 April 2020.
  2. ^ Gore, Gareth (3 November 2008). "Sabadell, Iberia, Metrovacesa, Repsol, Impresa: Iberian Preview". Bloomberg. Retrieved 29 January 2009.
  3. ^ "Mapfre reviews". Mapfre insurance. 17 May 2024.[dead link]
  4. ^ "Global 500 2008: Global 500 401-500". CNN.
  5. ^ "Mapfre taps InsureandGo's online know-how". e-tid.com. 8 October 2010. Archived from the original on 9 December 2010. Retrieved 5 February 2011.
  6. ^ "Mapfre acquires Insure and Go". Insurance Times. 1 November 2010. Retrieved 5 February 2011.
  7. ^ "Mapfre swoops for Insure & Go". Post Online. 1 November 2010. Retrieved 5 February 2011.
  8. ^ "Mapfre expects 6% revenue increase in 2012, as 2011 rises 3.2%". Insurance Insight. 10 March 2012. Archived from the original on 14 March 2012. Retrieved 12 March 2012.
  9. ^ "Mapfre's Huertas Expects Sales to Rise 6% to More Than $32 Billion in 2012". Bloomberg. 10 March 2012. Retrieved 12 March 2012.