Mapfre
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Aegis and Atrium also part of pilot group that will get 2020 business plan approval. -
Commercial real estate investor Capital Crossing said Mapfre paid only $2.6mn after it reported damage to 228 insured locations.
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The company made the announcement as it outlined plans to boost its top line by 33% in the coming years.
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The (re)insurer has appointed BNP Paribas to advise on the approach.
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Japanese cat losses push reinsurance earnings lower.
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The AM Best financial strength rating moves from A to A- .
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The move follows the carrier’s decision to streamline Mapfre Global Risks.
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The affiliated reinsurance company structure marked the state's response to the Beat offshore crackdown in the January 2018 tax reforms.
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The launch follows the Spanish carrier’s investment in a start-up fund.
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The fund will focus on European and Israeli start-ups.
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Typhoon Jebi is expected to cost the reinsurance unit EUR39mn.
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The digital retail giant will act as a shopfront for the carriers' retail operations.
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