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 […]
MAPFRE and AAA Washington Form Jointly Owned Insurance Company
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 […]
Department of Financial Services Approves Plymouth Rock Acquisition of MAPFRE New York Subsidiary
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, […]
Solera and MAPFRE Complete the Acquisition of CESVI Brasil
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 […]
Plymouth Rock Acquires MAPFRE Auto Insurance Business in New York and New Jersey
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 […]
Solera and Mapfre Joint Venture to Acquire CESVI Brazil
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 […]
Liberty Mutual Acquires Mapfre’s Personal Lines Business in Indiana, Kentucky, and Tennessee
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 […]
MAPFRE USA To Cease Operation in Five States
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 […]
MAPFRE USA Reports $56.6 Million First-Half Profits, Increases Premiums 9%
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 […]