Combined ratio: The reinsurance unit of the Spanish composite insurer reported a slight improvement in the Q1 combined ratio to 94.1%,
Mapfre Re profits rise 12.5% to EUR36.5mn due to fewer large claims
![mapfre-hq-web.jpg](https://assets.euromoneydigital.com/dims4/default/b826f8a/2147483647/strip/true/crop/700x410+0+0/resize/840x492!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fdf%2Fd7%2F9eb01b2d4270c294853fcf306ef1%2Fmapfre-hq-web.jpg)
Combined ratio: The reinsurance unit of the Spanish composite insurer reported a slight improvement in the Q1 combined ratio to 94.1%,