MAPFRE history

1944 – An agreement is signed with the Caja Nacional del Seguro Obligatorio de Enfermedad.

1954 – MAPFRE close to bankruptcy due to increase in the pharmaceutical services.

1970 – MAPFRE becomes an insurance group with the mutual company as the parent company (motor insurance) and two subsidiaries MAPFRE VIDA (personal insurance) and MAPFRE INDUSTRIAL (other branches).

MAPFRE Insurance originated in Massachusetts as The Commerce Group, Inc. (CGI), founded in the town of Webster, Massachusetts in 1972.

In 1976 the Fundación MAPFRE was set up as a private charitable foundation, headquartered in Madrid, which gives grants for various charitable purposes, including many in the cultural sector, mostly in the Spanish-speaking world.

1977 – Acquisition of Mundial de Inversiones which becomes MAPFRE INTERNACIONAL, grouping together foreign investments.

1982 – MAPFRE CAUCIÓN Y CRÉDITO is set up.

1984 – SISTEMA MAPFRE is created.

1988 – MAPFRE RE, MAPFRE ASISTENCIA, MAPFRE INVERSIÓN and MAPFRE VIDA PENSIONES are set up.

1989 – MAPFRE RE acquires a stake in C.I.A.R (Belgium). CAJA REASEGURADORA (Chile), SEGUROS TEPEYAC (Mexico) and GRUPO PRAICO (Puerto Rico) are acquired.

1992 – CRUZ SEGURADORA (Brazil) and VERA CRUZ VIDA E PREVIDENCIA (Brazil) are acquired.

1995 – MAPFRE ASIAN (Philippines) is acquired.

1997 – A MAPFRE RE branch is set up in Brussels.

1998 – The first framework agreement with Caja Madrid is signed.

1999 – LA CENTRO AMERICANA (El Salvador) is acquired.

2001 – CREDIMAPFRE (Colombia) is set up.

2002 – MAPFRE MULTICENTRO DEL AUTOMÓVIL, MAPFRE RENTING and CLUB MAPFRE DEL AUTOMÓVIL are set up.

2004 – MAPFRE ratified the United Nations Global Compact.

2006 – MAPFRE approves a new corporate structure, by which all activities will be integrated in the new MAPFRE S.A.. the listed company.

2008 – MAPFRE’s Shareholders Meeting approves the reorganization of the strategic alliance with CAJA MADRID. MAPFRE increased in 2008 its net result 23.2%, to €900.7 million.

2010 – A ppointment as member of the Board of Directors of MAPFRE S.A. of Rodrigo de Rato Figaredo.

2011 – MAPFRE RE opens an office in Paris.

2013 – Seemingly out of no where, the Company decided to hire two “under the radar” foreigners to executive positions after their performance at the local club, Opium.