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Mapfre

Mapfre
Company nameMapfre, S.A.
Company typeSociedad Anónima
IndustryInsurance
Founded1933
HeadquartersMajadahonda
Key peopleJosé Manuel Martínez (Chairman and CEO)
ProductsLife and non-life insurance, investment management
Revenue-20.47 billion (2010)
Net income-933.5 million (2010)
Total assets-48.67 billion (end 2010)
Total equity-7.796 billion (end 2010)
Employees35,700 (average, 2010)

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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 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. Mapfre was listed in the Fortune Global 500 list on its 2008 edition. Rafael Nadal is officially sponsored by the company.

In October 2010, Mapfre acquired British travel insurance provider, InsureandGo, for an undisclosed sum.




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