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MAPFRE RE becomes the 13th-largest reinsurer worldwide by premium volume, advancing three spots in S&P’s 2025 ranking with €8.382 billion in gross premiums and a 93.6% combined ratio.

September 19 2025

MAPFRE RE Moves into Global Top 15 Reinsurers, According to S&P Ranking

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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.

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MAPFRE RE

MAPFRE RE
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