MAPFRE RE, the 16th largest global reinsurance company by premiums, according to S&P

MAPFRE RE is the sixteenth largest reinsurer in the world by premium volume, according to the ranking by Standard & Poor’s, which includes 135 companies from 29 countries. The reinsurer of the MAPFRE Group has thus improved by one position in this ranking.

The S&P ranking shows that MAPFRE RE achieved a net reinsurance premium volume of nearly 5 billion dollars in 2023, representing a 13% increase, and a combined ratio of 95.6%—an improvement of 1.2 percentage points compared to the previous year.

Europe accounts for 35% of MAPFRE RE’s net premiums, while 19% come from LATAM. Asia-Pacific represents 17% of the total, Iberia-MEDAF (Eastern Mediterranean, North Africa and Middle East) accounts for 15% and North America makes up 14%.

MAPFRE RE is a global reinsurer and is the professional reinsurer of the MAPFRE Group. With 465 employees, it operates through 18 offices worldwide, providing services in over 100 countries and offering comprehensive solutions across all Life and Non-Life insurance lines.

The company holds excellent ratings: A+ with a stable outlook, from S&P, and A/Excellent with a stable outlook from AM Best.