Breaking News
MAPFRE RE Moves into Global Top 15 Reinsurers, According to S&P Ranking
MAPFRE RE is now the thirteenth-largest reinsurer in the world by premium volume, according to the ranking compiled by Standard & Poor’s, which includes a total of 127 companies from 29 countries. With this, the MAPFRE Group’s reinsurer has advanced three spots in the ranking.
The S&P ranking shows that MAPFRE RE, which encompasses both reinsurance and global risks business, recorded a gross premium volume of nearly €8.382 billion in 2024 and a combined ratio of 93.6%, representing an improvement of two percentage points compared to the previous year.
Within the reinsurance business, 36% of gross premiums come from EMEA, while 18% originate in LATAM. Iberia accounts for 17%, the same share as North America, while Asia-Pacific represents 12% of the total.
MAPFRE RE is a global reinsurer and is the professional reinsurer of the MAPFRE Group. With 465 employees, it operates through 18 offices worldwide, providing services in over 100 countries and offering comprehensive solutions across all Life and Non-Life insurance lines.
The company holds excellent ratings: A+ with a positive outlook from S&P and A/Excellent with a stable outlook from AM Best.
Companies In This Post
- Tencent Cloud Powers iyzico’s European Expansion with Secure, Scalable Payment Infrastructure Read more
- GTT Integrates Insurants AI to Power Insurance Data Intelligence Across Regulated Markets Read more
- The Paytech Magazine Issue #18 Read more
- Napier AI Targets Critical Gaps in AML with Launch of Insights AI, Tested in FCA Supercharge Sandbox Read more
- Apex Group Unveils New Research on AI Adoption Across Private Credit Read more
GTT Integrates Insurants AI to Power Insurance Data Intelligence Across Regulated Markets
With a vision to develop India-built data and AI platforms for global deployment, GTT Data Solutions Ltd (“GTT”), a BSE-listed global data engineering and AI platform company, has integrated Insurants AI Limited, a specialist in insurance data intelligence, analytics, and harmonisation that focuses on enabling intelligent data management, automation, and decision intelligence for enterprises across insurance, banking, and other highly regulated sectors. This move strengthens GTT’s insurance technology capabilities across the U.S., UK, Europe, India, and APAC, positioning the company as a provider of next-generation insurance data and intelligence solutions.
Openly Announces Independent Board of Directors Appointments
Openly announced new board leadership as the company continues to scale its platform reflecting Openly’s continued growth
Fenris Expands Insurance Data Infrastructure with MCP Server for AI Integrations
Fenris, a leading provider of real-time insurance data and predictive intelligence, announced the launch of its MCP Server, a new infrastructure layer enabling AI-driven systems
Allianz UK Prevents Record Level of Fraud
Over 34,200 insurance fraud cases, including a ghost broker pocketing more than £133,000, were identified by Allianz UK last year
IAG New Zealand Future-Proofs Claims Operations with Guidewire Cloud Platform
Guidewire announced that IAG New Zealand has reached a major milestone in its technology modernisation journey
Tre Sweden, Samsung and bolttech launch Samsung Care Services in Sweden
Tre Sweden, Samsung and bolttech announced the launch of Samsung Care Services in Sweden
Chubb Names Seshadri Iyer to Lead Global Operations, Technology and Digital Transformation
Chubb announced that Seshadri (Sesh) Iyer has been appointed Executive Vice President, Chubb Group, Operations, Technology and Digital Transformation, effective April 6
Tencent Cloud Powers iyzico’s European Expansion with Secure, Scalable Payment Infrastructure
At Mobile World Congress (MWC) 2026, Tencent Cloud, the cloud business of global technology company Tencent, announced a collaboration with iyzico, a leading Turkish fintech company, to support iyzico’s European expansion and the launch of its first cloud-based production platform in the region. Built on Tencent Cloud’s IaaS infrastructure, the deployment reflects its growing role in supporting regulated financial institutions across Europe’s fintech ecosystem.
GTT Integrates Insurants AI to Power Insurance Data Intelligence Across Regulated Markets
With a vision to develop India-built data and AI platforms for global deployment, GTT Data Solutions Ltd (“GTT”), a BSE-listed global data engineering and AI platform company, has integrated Insurants AI Limited, a specialist in insurance data intelligence, analytics, and harmonisation that focuses on enabling intelligent data management, automation, and decision intelligence for enterprises across insurance, banking, and other highly regulated sectors. This move strengthens GTT’s insurance technology capabilities across the U.S., UK, Europe, India, and APAC, positioning the company as a provider of next-generation insurance data and intelligence solutions.
The Paytech Magazine Issue #18
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Napier AI Targets Critical Gaps in AML with Launch of Insights AI, Tested in FCA Supercharge Sandbox
Napier AI, a global leader in AI-powered financial crime compliance solutions, announces its latest AI innovations are available in product Insights AI, a new capability within their Transaction Monitoring solution designed to close critical gaps in anti-money laundering (AML) investigations. This follows extensive testing in the Financial Conduct Authority (FCA) Supercharged Sandbox.
Apex Group Unveils New Research on AI Adoption Across Private Credit
Apex Group Ltd. (“Apex Group”), a global financial services provider with over $3.5 trillion in assets serviced, has published AI-powered private credit, a new research report examining how artificial intelligence is being adopted across private credit operations globally, and where the industry’s most significant opportunities and challenges lie.
PayQuicker Launches 1099 Solution Powered by Avalara
PayQuicker, a global payouts and financial technology company, today announced the launch of its new 1099 tax reporting solution, powered by Avalara, the agentic tax and compliance leader. The new offering helps businesses simplify and automate 1099 reporting while reducing compliance risk and administrative burden.
Loan Servicing Enters the AI Agent Era as Chaseit.ai Scales Toward 30,000 Calls a Day
Loan servicing, long one of the most manual and operationally intensive areas of financial services, is beginning to shift as AI voice agents move from pilots into live production environments.