MAPFRE

Mapfre (Spanish pronunciation: [ˈmafɾe], formally typeset MAPFRE) is a Spanish insurance company, based totally in Majadahonda, Madrid. The name was  from the old mutual beginning of the business enterprise (Mutualidad de la Agrupación de Propietarios de Fincas Rústicas de España), however the company now most effective refers to itself as MAPFRE. it is the leading insurance corporation in Spain and the biggest non-lifestyles coverage agency in Latin the usa.

The agency bought Webster, Massachusetts-based totally commerce coverage organization, a prime issuer of vehicle coverage, for over €1.five billion in October 2007. MAPFRE became indexed inside the Fortune global 500 list on its 2008 version. Rafael Nadal is formally subsidized through the organisation.

In October 2010, MAPFRE acquired British journey insurance provider Insure and Go for an undisclosed sum.

In 2012, Antonio Huertas took over as MAPFRE's chairman from José Manuel Martínez, who had held the function given that 2001.