Spanish reinsurer MAPFRE RE has actually reorganised its service framework with the goal of progressing its “strategic objectives”.
The modifications, efficient from 1 March, will certainly concentrate on the advancement of the life service, together with a “sharper strategic, commercial and technical focus, and enhanced relationship with clients and brokers”.
The brand-new framework is additionally anticipated to sustain an “agile response” to advancing customer and market requirements.
MAPFRE RE has actually assigned Javier San Basilio as basic supervisor.
In his brand-new duty, Basilio will certainly collaborate the local departments and take duty for establishing partnerships with huge customers and brokers.
The reinsurer’s non-group service is currently structured right into non-life underwriting and life service.
As assistant basic supervisors, Carmen Bueso will certainly lead the non-life underwriting device, while Maite Gonz ález will certainly head the life service, that includes life, health and wellness and mishap features.
Ricardo Pérez has actually been assigned as the supervisor for the Iberia and Latin America area and will certainly come to be a participant of MAPFRE RE’s administration board.
The firm runs throughout 4 local departments: Iberia/Latam, supervised by Pérez; APAC, led by Javier Sánchez Cea; EMEA, headed by Mark Meyerhoff; and North America, taken care of by Carlos Sanzo.
Fernando Utrilla will certainly remain to take care of business originating from the MAPFRE Group.
Additionally, an approach, interaction, sustainability and development department has actually been developed to offer an “integrated vision” of these facets, under the management of Juan Satr ústegui.
MAPFRE RE CHIEF EXECUTIVE OFFICER Miguel Rosa stated: “These changes will enable us to move forward with greater agility and ambition in the MAPFRE RE strategy as we take on even greater challenges in the coming years. We will continue boosting the non-life business and drive the development of our life business, where we have a long way to go.”
In December 2024, MAPFRE RE funded its first catastrophe bond for $125m (EUR120.98 m), developed to shield versus disastrous occasions such as hurricanes and cyclones in the United States.
“MAPFRE RE revamps business structure to drive strategic goals ” was initially developed and released by Life Insurance International, a GlobalData possessed brand name.
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