Mapfre Re Q1 CoR falls to 95.1% amid decline in catastrophe losses
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Mapfre Re Q1 CoR falls to 95.1% amid decline in catastrophe losses

Laura Board
29 April 2021
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The reinsurance unit of Spanish composite insurer Mapfre reported a 14.2-point improvement in the Q1 combined ratio to 95.1% after a quiet period for large losses.

Mapfre Re, which includes the previously standalone global risks operation, returned to overall profitability with a EUR32.4mn ($39.2mn) profit, after Puerto Rico earthquake-related claims had pushed the unit to a EUR29.4mn

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Laura Board
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