Insurance Day News Mapfre targets reinsurance growth in Asia-Pacific

Mapfre has targeted Asia-Pacific growth for its reinsurance business in 2017, driven by new office openings planned in the region.

The Spain-based re/insurer said it would continue with plans to develop its life reinsurance business in Europe, the Middle East, Africa and the US.

It said its global risks business would enhance its presence in Europe, North America and Asia to increase geographic diversification.

Mapfre said it was also looking to form distribution agreements in Latin America with financial entities, automotive and distribution companies.

The re/insurer saw strong performances in its three main geographic markets of Spain, Brazil and the ...

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