Mapfre

Mapfre is a diversified financial services group based in Spain, focusing on the insurance business. The group consists of 240 individual companies, which are the areas of insurance, reinsurance, real estate, financial transactions and various services operating in 38 countries. The majority of the companies are in the holding company Corporación Mapfre, SA summarized, whose shares are traded on the stock exchanges of Madrid and Barcelona. Mapfre is represented in the stock market index IBEX 35 and the Dow Jones Stoxx Insurance. The holding is headquartered Madrid.

The Annual Report has a turnover of 17.711 billion euros and a net profit of 901 million euros for the year 2008. A total of 34 603 people are employed, of which 10,035 in Spain.

Company History

1933, the society as a Mutualidad de Seguros de la Agrupación de Propietarios de Fincas Rústicas de España was founded ( in German about Accident Insurance Fund of the Spanish landowners ). In 1944 an agreement was concluded with the national health insurance, through which the company in 1954, would almost fallen into insolvency due to the sharp rise in medical costs. As of 1955, the company turned to new business areas. The health insurance business was abandoned. From 1970, the current structure, with the car insurance as the parent company and life and industrial insurance evolved. The international expansion took place in 1977, since 1990 Mapfre claims to be the leading insurance company in Latin America. In 2000, a strategic alliance with Caja Madrid ( Madrid Savings Bank ) was closed. Mafpre is in parts still as Mutualidad ( roughly equivalent to the German mutual insurance company ) and thus organized as a non-profit organization. In order to adapt the structure of society to the requirements of the financial markets, a process of demutualization was initiated, which was completed in late 2006. Since then, the listed corporation Mapfre SA the holding company of all the business activities of the Group are located. The restructuring has market capitalization doubled, Mapfre provides greater financial leeway. This is to be used, according to the company to expand its business in Europe, the USA and China.

Individual companies

The Mapfre Empresas is the industrial insurance subsidiary of the Group. Current CEO is Filomeno Mira. In fiscal 2006, the Mapfre Empresas € 1.35 billion in premium income has reported a profit before tax of € 116 million.

Sponsor

The company is a sponsor in the professional sport of sailing. The Mapfre sailed round the world race in the Barcelona World Race among the Spaniards Iker Martínez and Xabi Fernández to second place.

The Company is the sponsor for the Spanish MotoGP Racing team of " Aspar " Jorge Martinez. For this team go under other Jonas Folger and Luca Amato from Germany. Jonas Folger has achieved this year for the team at the Grand Prix of Brno as the third on the podium ..