Mapfre H1 profits shrug off Chile hit
Spanish-headquartered Mapfre Group has posted a 6.3 percent gain in gross H1 pre-tax profits to EUR874.5mn, despite a EUR96.6mn Chile earthquake hit and Iberian Peninsula and US storms impacting the bottom line.
Top-line growth was strong across the group as a recovery in its core Spanish market was met by fast expansion in emerging markets.
Gross written premium (GWP) reached EUR2.45bn at its Central and Latin American Mapfre América arm - a 20.8 percent rise compared to the first half...
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