MAPFRE RE
MAPFRE RE is the global reinsurance subsidiary of MAPFRE Group, providing treaty and facultative reinsurance across Life and Non-Life lines through 19 offices in more than 100 countries. It serves insurance company cedents with traditional capacity and alternative capital solutions.
- Company typePrivate
- Founded1982
- HeadquartersMadrid, Spain
- Headcount251–500
- GTM typeB2B
- OfferingServices
What MAPFRE RE does
MAPFRE RE, COMPAÑÍA DE REASEGUROS, S.A. is the professional global reinsurance subsidiary of MAPFRE Group, established in 1982 and headquartered in Madrid, Spain. Operating as a wholly-owned private unit of the Ibex 35-listed MAPFRE Group, it provides treaty and facultative reinsurance capacity to insurance company cedents across both Life and Non-Life lines of business, including property, casualty, life, health, accidents, marine, and specialized risks. As of 2026, the company is ranked among the 13 largest reinsurers globally and has entered the top 10 of NMG Consulting's global reinsurance brands ranking, with financial strength rated A+ (Positive) by S&P and A (Excellent, Stable) by AM Best.
The company distributes reinsurance through 19 offices and maintains business relationships in more than 100 countries across Western Europe, North America, Latin America, and Asia Pacific. Its core technology stack includes the MARESEL online risk-selection manual for personal accidents and life, institutional and retrocession portals, and the Recoletos Re DAC special purpose vehicle for catastrophe bond issuances (notably a $200M US named storm bond in May 2026 and a €125M European wind bond in 2026). MAPFRE RE has deployed AI for computer-vision-based vehicle damage assessment, climate prediction, and claims automation, and was the first Ibex 35 company to publish an AI Manifesto. Recent strategic emphasis includes geographic expansion into India (GIFT City branch, February 2026) and China (Beijing branch, 2024), leadership succession (new CFO and Chairman in 2026), and broader use of alternative capital markets.
Revenue is generated primarily through reinsurance premiums on a subscription/recurring basis, supplemented by returns from catastrophe bond investments. Pricing is negotiated on a case-by-case basis with cedents based on risk profiles, loss history, and coverage terms, consistent with B2B reinsurance practice. Q1 2026 reported total premiums of €2.2 billion (down 7.9% YoY) and a net result of €85 million (up 76.8% YoY), with a combined ratio of 96.8%. A €250 million capital increase from MAPFRE Group in December 2022 reinforced the capital base, and a separate funding entry of $144.2M dated November 2025 is recorded in the consolidated data.
MAPFRE RE firmographics
Firmographics- Name
- MAPFRE RE
- Legal name
- MAPFRE RE, COMPAÑÍA DE REASEGUROS, S.A.
- Website
- https://mapfrere.com
- Company type
- Private
- Founded year
- 1982
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- MAPFRE RE is the global reinsurance subsidiary of MAPFRE Group, providing treaty and facultative reinsurance across Life and Non-Life lines through 19 offices in more than 100 countries. It serves insurance company cedents with traditional capacity and alternative capital solutions.
- Ownership category
- akta.pro rank
MAPFRE RE industry classification
Industry- Product category
- Reinsurance Services
- NAICS
- Reinsurance Carriers (524130), Direct Insurance (except Life, Health, and Medical) Carriers (52412)
- SIC
- Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Marine Reinsurance (FSAOADAA)
- akta.pro secondary industries
- Facultative Specialty Lines Reinsurance (Marine, Aviation, Energy, Cyber, Surety, Political Risk) (FSAOAFAD), Life Treaty Reinsurance (FSAOAEAA), Accident & Health (A&H) / Travel Reinsurance (FSAOADAM), Marine & Energy Reinsurance (FSAOABAK), Directors & Officers (D&O) Reinsurance (FSAOADAI), Natural Catastrophe Reinsurance (NatCat) (FSAOACAD), Financial Lines Treaty Reinsurance (e.g., D&O, E&O, professional liability) (FSAOAEAG), Facultative Life Reinsurance (FSAOAFAJ), Property Facultative Reinsurance (FSAOAFAA)
Keywords
Where MAPFRE RE is headquartered
LocationHeadquarters
- HQ city
- Madrid
- HQ country
- Spain
- HQ region
- Europe
Offices14 records
Markets served
MAPFRE RE business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Reinsurance Premiums: MAPFRE RE generates revenue primarily through reinsurance premiums, providing treaty and facultative reinsurance capacity for both Life and Non-Life lines of business to insurance companies worldwide. Total premiums for Q1 2026 were €2.2 billion.
- Catastrophe Bond Investments: Returns from catastrophe bond investments through Recoletos Re DAC, providing US named storm coverage and European wind coverage with three-year risk periods.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
MAPFRE RE product offering
Product offeringCore offering
MAPFRE RE is a global reinsurer that sells treaty and facultative reinsurance capacity to insurance companies worldwide across both Life and Non-Life lines of business, including property, casualty, life, health, accidents, marine, and specialized risks. The company also issues catastrophe bonds through its Recoletos Re DAC vehicle and provides online risk-selection tools such as MARESEL for personal accident and life underwriting.
Product overview
Mapfre Re is a global reinsurer and the professional reinsurance unit of MAPFRE Group, established in 1982 and ranked among the 13 largest reinsurers worldwide. The company operates through 19 offices across more than 100 countries. Its core offerings include treaty and facultative reinsurance solutions for both Life and Non-Life lines of business. The product portfolio includes MARESEL (online risk selection manual for personal accidents and life insurance), catastrophe bonds (including recent USD 200M and EUR 125M issuances), various safety guide publications, technical manuals on construction risks, and access portals for institutional and retrocession clients. The company also provides economic research services and publishes the Trébol Magazine for industry professionals.
Differentiator
Problem solved
Functional benefit
Products and services
- Treaty and Facultative Reinsurance
- USD 200M US Named Storm Catastrophe Bond
- EUR 125M European Wind Catastrophe Bond
- MARESEL
- Institutional Portal
- Retrocessions Portal
- Mapfre Economic Research
Quantifiable outcome
- Net result of €85 million in Q1 2026, up 76.8% year-on-year
- +2 more outcomes
Companies that use MAPFRE RE
Customer profileSegments1 record
Ideal customer profiles2 records
MAPFRE RE technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature3 records
MAPFRE RE partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- GC SecuritiescoreGC Securities acted as sole structuring agent and joint bookrunner for the $200 million catastrophe bond transaction through Recoletos Re DAC, enabling MAPFRE RE's access to capital markets for risk transfer.
- Aon SecuritiescoreJoint bookrunner alongside GC Securities for the $200 million catastrophe bond transaction providing US named storm coverage.
- B3i (Blockchain Insurance Industry Initiative)minorMAPFRE RE is a shareholder of B3i, a global initiative bringing together major insurers and reinsurers to explore blockchain applications in insurance. MAPFRE RE also holds a seat on the B3i Board.
Scale indicators12 records
Recent moves31 records
Expansion highlights6 records
MAPFRE RE competitors and assessment
Company assessmentDirect peers
- Hannover Re: Major global reinsurer providing treaty and facultative reinsurance across Life/Health and P&C lines. Comparable to MAPFRE RE in serving cedents through broker and direct channels with similar product mix.
- Munich Re: The world's largest reinsurer with comprehensive treaty and facultative offerings across all lines of business. Closest competitor to MAPFRE RE in multi-line reinsurance strategy, primary cedent relationships, and global footprint.
- Scor SE: French global reinsurer with treaty and facultative offerings in Life and P&C. Directly comparable to MAPFRE RE in mid-tier global reinsurer positioning, multi-line strategy, and European/Latin American market emphasis.
- Swiss Re: One of the world's largest reinsurers offering treaty and facultative reinsurance across Life and Non-Life lines globally. Directly comparable to MAPFRE RE in product breadth, B2B cedent model, and global office network across 100+ countries.
- PartnerRe: Global multi-line reinsurer offering treaty and facultative solutions across P&C, Specialty, and Life lines. Comparable to MAPFRE RE in diversified product offering and global cedent service model.
- Everest Re Group: Bermuda-headquartered reinsurer providing treaty and facultative reinsurance across P&C and specialty lines. Comparable to MAPFRE RE in facultative offerings, specialty risk focus, and cedent relationship model.
Broad incumbents
- Lloyd's of London: Specialty insurance and reinsurance market where MAPFRE RE participates through broker relationships and as a capital provider. Comparable through specialty line and facultative reinsurance offerings via the Lloyd's market.
- RGA Reinsurance Company: Global life reinsurer with multi-line offerings. Comparable to MAPFRE RE's Life treaty and facultative business, though RGA specializes more heavily in life and health versus MAPFRE RE's broader mix.
- Berkshire Hathaway Reinsurance Group: Major reinsurance group within Berkshire Hathaway offering treaty and facultative solutions with significant capital deployment in catastrophe and large risk lines. Comparable to MAPFRE RE's cat bond strategy and large-treaty placement business.
Regional players
- Korean Reinsurance Company: Asia-Pacific focused reinsurer headquartered in Korea with growing global presence. Comparable to MAPFRE RE's APAC expansion strategy through Korea/Japan/India markets, though primarily regional in scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks6 records
Key highlights7 records
Customer concentration
MAPFRE RE social profiles
Digital presenceMAPFRE RE compliance and trust
Trust signalCompliance5 records
MAPFRE RE financial estimates
Financial estimateRevenue estimate
Valuation estimate
MAPFRE RE leadership team
Management profileNumber of profiles
Profiles18 records
MAPFRE RE subsidiaries and ownership
Company hierarchySubsidiaries1 record
MAPFRE RE funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MAPFRE RE M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MAPFRE RE
What does MAPFRE RE do?
MAPFRE RE is a global reinsurer that sells treaty and facultative reinsurance capacity to insurance companies worldwide across both Life and Non-Life lines of business, including property, casualty, life, health, accidents, marine, and specialized risks. The company also issues catastrophe bonds through its Recoletos Re DAC vehicle and provides online risk-selection tools such as MARESEL for personal accident and life underwriting.
Is MAPFRE RE a public or private company?
MAPFRE RE is a private company. It is classified as corporate owned and is currently operating.
When was MAPFRE RE founded?
MAPFRE RE was founded in 1982. It employs 251 to 500 people.
Where is MAPFRE RE based?
MAPFRE RE is headquartered in Madrid, Spain, in the Europe region.
How does MAPFRE RE make money?
Two revenue lines are on record. Reinsurance Premiums are the primary driver. The others are catastrophe Bond Investments.
Who are MAPFRE RE's main competitors?
Direct peers on record are Hannover Re, Munich Re, Scor SE, Swiss Re, PartnerRe and Everest Re Group. Broad incumbents are Lloyd's of London, RGA Reinsurance Company and Berkshire Hathaway Reinsurance Group. Korean Reinsurance Company is listed as a regional player.
Does MAPFRE RE have an API?
No public API is recorded for MAPFRE RE.
What industry is MAPFRE RE in?
MAPFRE RE's product category is Reinsurance Services. Its primary akta.pro industry code is FSAOADAA, Marine Reinsurance, with a secondary code of FSAOAFAD, Facultative Specialty Lines Reinsurance (Marine, Aviation, Energy, Cyber, Surety, Political Risk). Its NAICS code is 524130 and its SIC code is 6331.