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ECONOMY | 29.10.2020

Coronavirus: financial analysis XXX

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MAPFRE AM’s strategy with its French partner LFR
MAPFRE AM acquired 25 percent of La Financière Responsable (LFR), a French boutique specializing in ESG investments, at the end of 2017. Eduardo Ripollés, director of institutional business development at MAPFRE AM, explains the methodology behind portfolio selection and the strategy of the MAPFRE AM Capital Responsable fund, which was created as a result of this alliance.

The economic challenges facing a new American presidency

Next week will see yet another turn of the screw in US domestic politics, which will inevitably impact on international politics. As we enter the final stretch of the US elections, Gonzalo de Cadenas-Santiago, director of macroeconomic and financial analysis at MAPFRE Economics, analyzes the economic situation awaiting the winner of the contest for the Oval Office.

MAPFRE acquires a property in Luxembourg through its real estate fund with GLL

MAPFRE continues with its strategy of portfolio diversification and progressive involvement in alternative investments. Last week it closed the purchase of an office building in Luxembourg that is home to the headquarters of international law firm Clifford Chance. The property, which measures 5,195 square meters, holds BREEAM sustainability certification, is located in the heart of the city’s financial district.

“The pandemic has not caused any liquidity or solvency problems for insurance companies”

During the “Future of Insurance” conference, organized by the Institute of International Finance (IIF), Ramon Carrasco, chief risk officer at MAPFRE, talked about the resistance of the insurance sector in the face of the crisis. “Insurance companies identified liquidity as a possible risk right from the beginning of the crisis, and when the regulators shone the spotlight on liquidity, insurers had already done their work”, he stated.

“Fiscal stimului are more important than monetary stimului right now, because they get to families and companies quicker”

Alberto Matellán, chief economist of MAPFRE Inversión, analyzes the strong falls that the European stock markets registered in the last few days. In his opinion, it is important to look now toward 2021 and 2022, given that the authorities are already aware that the pandemic will last longer than expected. He also gives his opinion on the meeting of the European Central Bank (ECB) and on the possible impact of the crisis on corporate balance sheets.