MAPFRE


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AcronymDefinition
MAPFREMutualidad Agrupación Propietarios Fincas Rústicas de España (Spanish insurance and financial institution)
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References in periodicals archive ?
Spain-based insurance services provider, Mapfre, has said that it has converted a EUR1bn syndicated credit line into a loan.
16 October 2013 -- US technology firm Pitney Bowes Inc (NYSE: PBI) and the Direct Marketing Association said they have awarded Brazil-based financial services group Banco do Brasil and MAPFRE Group's MAPFRE Insurance Brazil unit and their partner DirectOne Brazil with the 2013 Personal Connections ECHO Award.
Sixth place Mapfre Group, the Spanish insurer that produced the report, experienced the highest increase in premium on a year-over-year basis, up more than 13 percent to #x20AC;14.5 billion ($18.2 billion).
Describing it as "the largest investment in the history of the group," Mapfre said that it intended to fold Commerce, the largest writer of private-passenger automobile insurance in Massachusetts, into its U.S.
According to Jair Marrugo, regional director of MAPFRE Assistance North America, Campolo's market expertise, and connections will help the company drive grow.
The rating affirmation reflects the sound capitalisation and underwriting performance of MAPFRE Sigorta, as well as Fitch's view of its importance to its ultimate parent, MAPFRE SA (Issuer Default Rating A-/Stable).
The fund manager, to be called Mapfre Asset Management, has assets under management of EUR4.8bn on behalf of 311,000 clients.
29 March 2012 - Spain's banking group BFA has divested its 10.36% holding in Mapfre America in a deal that would translate into a EUR102m (USD136m) pre-tax capital gain, the group said on Thursday.
Mapfre, a leading insurance company in Spain and Latin America, recently opened its first branch in the U.S.