MAPFRE RE has a longstanding partnership with China’s insurance market, dating back to the early 1980s. Over the past forty years, MAPFRE has been increasing its presence in the market and has established a solid business relationship and broad cooperation with China’s most relevant domestic insurance companies.
The new Beijing branch marks an important milestone within MAPFRE RE’s strategic expansion in China. It will allow the company to provide a wider range of services and increased support to Chinese clients, consolidating the company’s position in the local market and its visibility within the region.
Miguel Rosa, CEO of MAPFRE RE (pictured), commented: “The opening of this branch reinforces our commitment to the Chinese market and to continue increasing our services in Asia, a continent in which MAPFRE RE has a direct presence – in addition to China – in the Philippines, Japan, Malaysia and Singapore.
“Our financial strength and solvency, the backing of a global Group such as MAPFRE, and our technical rigour allow us to increase our capacity to serve clients in this region and aspire to be a reinsurer of reference in this market.”
MAPFRE RE shall now handle pre-opening procedures with the relevant local administrations in accordance with the applicable local rules and regulations.
