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You are here: Home / Archives for MAPFRE

MAPFRE Selects Tractable to Apply AI to Auto Claim Adjustment in Brazil

January 10, 2022 By CollisionWeek Editor

MAPFRE, the largest Spanish multinational insurance group in the world, and Tractable, which has developed a market-leading AI-based technology solution to accelerate recovery from accidents and disasters, are collaborating to help MAPFRE customers have their cars repaired more efficiently, with the help of AI. MAPFRE will now apply Tractable’s AI to its auto claims, with […]

Filed Under: News Tagged With: Agreements Signed, Brazil, CESVI Brazil, MAPFRE, South America, Tractable

MAPFRE and AAA Washington Form Jointly Owned Insurance Company

August 10, 2021 By CollisionWeek Editor

New company will serve auto and homeowners insurance customers in Washington State and North Idaho. MAPFRE Insurance and AAA Washington today announced an agreement to form a jointly owned insurance company to write automobile and homeowners insurance in Washington and North Idaho. The joint venture, which is subject to regulatory approval, will be known as the […]

Filed Under: News Tagged With: AAA Washington, Agreements Signed, Idaho, MAPFRE, Washington State

Department of Financial Services Approves Plymouth Rock Acquisition of MAPFRE New York Subsidiary

January 3, 2019 By CollisionWeek Editor

Approval allows Plymouth Rock to continue its expansion into New York market. New York State Financial Services Superintendent Maria T. Vullo announced that the State Department of Financial Services (DFS) has approved an application by Plymouth Rock Assurance Corporation to acquire MAPFRE Insurance Company of New York, a New York domestic property and casualty insurer, […]

Filed Under: News Tagged With: Acquisitions, MAPFRE, New York State, Plymouth Rock Assurance

Solera and MAPFRE Complete the Acquisition of CESVI Brasil

December 12, 2018 By CollisionWeek Editor

Cesvi Brasil logo

Solera Holdings, Inc. and MAPFRE S.A., the global insurer, announced the completion of the acquisition of CESVI (Center for Experimentation and Road Safety) Brasil by the two entities’ joint venture, Solera Technology Centre GmbH (STC). CESVI Brasil is an automotive research and experimentation center in Brasil, focused on providing insight, safety guidelines and transparency, including […]

Filed Under: News Tagged With: Acquisitions, CESVI Brazil, MAPFRE, Solera Holdings

Plymouth Rock Acquires MAPFRE Auto Insurance Business in New York and New Jersey

June 14, 2018 By CollisionWeek Editor

Plymouth Rock Assurance logo

Agreement with MAPFRE U.S.A. Corp. and ACIC Holding Co., Inc. expands Plymouth Rock’s auto and home insurance business in New York and New Jersey. Plymouth Rock Assurance Corporation reached agreement today to continue its expansion into the New York State insurance market with the acquisition of MAPFRE Insurance Company of New York, subject to regulatory […]

Filed Under: News Tagged With: Acquisitions, American Commerce Insurance Company, MAPFRE, New Jersey, New York, Plymouth Rock Assurance

Solera and Mapfre Joint Venture to Acquire CESVI Brazil

March 15, 2018 By CollisionWeek Editor

Solera Holdings, Inc. and MAPFRE S.A., the global insurer, announced that their existing joint venture, Solera Technology Centre GmbH (STC), has signed a definitive agreement to acquire CESVI (Center for Experimentation and Road Safety) Brazil. The acquisition is subject to closing conditions, including approval by the Brazilian competition regulatory authority. CESVI Brazil is an automotive […]

Filed Under: News Tagged With: Acquisitions, Brazil, CESVI Brazil, MAPFRE, Solera Holdings, South America

Liberty Mutual Acquires Mapfre’s Personal Lines Business in Indiana, Kentucky, and Tennessee

February 23, 2018 By CollisionWeek Editor

MAPFRE Insurance, that announced in December it will cease operating in five states to focus on 11, is turning over its personal lines business in three of the five states it is leaving to Safeco Insurance, a unit of Liberty Mutual. MAPFRE has agreed to provide Safeco the opportunity to underwrite its personal lines policies […]

Filed Under: News Tagged With: Acquisitions, Indiana, Kentucky, Liberty Mutual Insurance, MAPFRE, Safeco, Tennessee

MAPFRE USA To Cease Operation in Five States

December 4, 2017 By CollisionWeek Editor

Insurer reorganizes operations to add focus to core lines of business and states. MAPFRE USA on Friday announced that it will realign its business and focus operations going forward on a reduced number of states. MAPFRE has identified eleven core states in which it currently operates in the U.S. – Massachusetts, Connecticut, Rhode Island, New […]

Filed Under: News Tagged With: MAPFRE, Reorganization

MAPFRE USA Reports $56.6 Million First-Half Profits, Increases Premiums 9%

July 27, 2016 By CollisionWeek Editor

MAPFRE logo

MAPFRE USA returned to a $56.6 million pre-tax profit in the first half of 2016, compared with a $114 million loss the year earlier, related to the heavy snowstorms that hit the North East of the United States in the previous winter. At the same time, the company generated revenue of $1.42 billion in the […]

Filed Under: News Tagged With: Earnings, MAPFRE

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