The company’s operations are divided into four regional areas: Iberia/Latam, APAC, EMEA and North America. Credit: MacroEcon/Shutterstock.

Spanish reinsurer MAPFRE RE has reorganised its business structure with the aim of advancing its “strategic objectives”.  

The changes, effective from 1 March, will focus on the development of the life business, along with a “sharper strategic, commercial and technical focus, and enhanced relationship with clients and brokers”. 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The new structure is also expected to support an “agile response” to evolving client and market needs.  

MAPFRE RE has appointed Javier San Basilio as general manager.  

In his new role, Basilio will coordinate the regional divisions and take responsibility for developing relationships with large clients and brokers.  

The reinsurer’s non-group business is now structured into non-life underwriting and life business.  

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

As assistant general managers, Carmen Bueso will lead the non-life underwriting unit, while Maite González will head the life business, which includes life, health and accident functions. 

Ricardo Pérez has been appointed as the manager for the Iberia and Latin America region and will become a member of MAPFRE RE’s management committee. 

The company operates across four regional divisions: Iberia/Latam, overseen by Pérez; APAC, led by Javier Sánchez Cea; EMEA, headed by Mark Meyerhoff; and North America, managed by Carlos Sanzo. 

Fernando Utrilla will continue to manage the business coming from the MAPFRE Group. 

Additionally, a strategy, communication, sustainability and innovation division has been established to provide an “integrated vision” of these aspects, under the leadership of Juan Satrústegui.  

MAPFRE RE CEO Miguel Rosa said: “These changes will enable us to move forward with greater agility and ambition in the MAPFRE RE strategy as we take on even greater challenges in the coming years. We will continue boosting the non-life business and drive the development of our life business, where we have a long way to go.”  

In December 2024, MAPFRE RE sponsored its first catastrophe bond for $125m (€120.98m), designed to protect against catastrophic events such as tropical storms and hurricanes in the US.