A.M. Best affirms MAPFRE RE’s rating and its stable Outlook

MAPFRE RE’s contribution to Group earnings totaled 245 million euros, 70.6% better than the previous year.

It reviewed the evolution of the business, the market situation and the main challenges for 2024.

On January 16, 1974, the Compagnie Internationnale d'Assurances et de Réassurances (CIAR) was incorporated in Brussels by ASSUBEL (Belgium), AUG (the Netherlands) and MAPFRE (Spain). Each company invested what amounted to 50 million Belgian francs at the time, and in...