MAPFRE RE Revamps Business Structure to Drive Strategic Goals

MAPFRE Re, the reinsurance arm of the MAPFRE Group, has announced a significant reconfiguration of its organizational structure, effective March 1, 2025. This strategic move aims to enhance the company's agility, responsiveness to market changes, and focus on key business areas, particularly the Life business. The changes are expected to strengthen MAPFRE Re's position in the global reinsurance market and drive its strategic objectives.



The new structure features several key appointments and realignments:

1. Javier San Basilio as General Manager: Javier San Basilio has been appointed General Manager of MAPFRE Re, taking on direct coordination of the regional divisions and responsibility for the development of large clients and brokers. This appointment is expected to improve agility and responsiveness to market changes and client needs.
2. Non-Group business restructuring: The Non-Group business will be structured through two lines: Non-Life Underwriting, led by Carmen Bueso, and Life Business, headed by Maite González. Both women will assume the role of Assistant General Managers, overseeing the regional supervisors for the Life business.
3. Regional management: The different markets MAPFRE Re operates in will be structured across four large regional areas: Iberia/Latam, APAC, EMEA, and North America. Ricardo Pérez has been appointed Manager of the Iberia/Latam regional area and will join MAPFRE Re's Management Committee.
4. Strategy, Communication, Sustainability, and Innovation area: A new division has been created to integrate and enhance critical business areas, led by Juan Satrústegui.

These changes are expected to enable MAPFRE Re to move forward with greater agility and ambition, as stated by Miguel Rosa, CEO of MAPFRE Re: "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’ll continue boosting the Non-Life business and drive the development of our Life business, where we have a long way to go."

By prioritizing Life business development, MAPFRE Re anticipates gaining several strategic advantages, including growth opportunities, diversification, enhanced client relationships, and agile market response. These advantages align with the company's overall growth objectives and position it well for long-term success in the global reinsurance market.

In conclusion, MAPFRE Re's reconfiguration of its organizational structure is a strategic move aimed at improving agility, responsiveness to market changes, and focus on key business areas. The new structure, featuring key appointments and realignments, is expected to drive the company's strategic objectives and strengthen its position in the global reinsurance market.