Mapfre - International Expansion

International Expansion

1984. Acquisition of MAPFRE SEGUROS GENERALES in Colombia.

1986. CORPORACIÓN MAPFRE agency offices are set up in Lisbon and Milan. General agencies of MAPFRE CAUCIÓN y CRÉDITO, MAPFRE SEGUROS GENERALES and MAPFRE VIDA are set up in Portugal. MAPFRE ACONCAGUA (Argentina) is acquired. ACONCAGUA (Paraguay) and EUROAMÉRICA (Chile) are set up.

1987. ITSEMAP PORTUGAL is set up.

1988. MAPLUX RE (Luxemburg) is 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. VENEASISTENCIA (Venezuela), IBEROASISTENCIA (Argentina) and SUR ASISTENCIA (Chile) are set up.

1990. IBERO ASSISTENCIA (Portugal) is set up.

1991. A MAPFRE RE agency office is set up in London. IRELAND ASSIST (Ireland), AFRIQE ASSISTANCE (Tunisia) and MAPFRE GARANTÍAS y CRÉDITO (Chile) are set up. REASEGURADORA HEMISFÉRICA (Colombia) is acquired.

1992. CRUZ SEGURADORA (Brazil) and VERA CRUZ VIDA E PREVIDENCIA (Brazil) are acquired. BRASIL ASISTENCIA and ANDI ASISTENCIA (Colombia) are set up.

1993. FEDERAL ASSIST (U.S.A.) is set up.

1994. The MAPFRE RE agency office in London becomes a branch. MAPFRE URUGUAY, FRANCE ASSIST (France), EUROSOS ASSISTANCE S.A. (Greece), FEDERAL ASSIST (Puerto Rico) and GULF ASSIST (Bahrain) are set up. MAPFREPROGESS (Sicily) and Grupo Amstar (U.S.A.) are acquired.

1995. MAPFRE ASIAN (Philippines) is acquired. TURASSIST (Turkey), ECUASISTENCIA (Ecuador), PERÚ ASISTENCIA and CARIBE ASISTENCIA (Dominican Republic) are set up.

1996. LA SEGURIDAD (Venezuela) is acquired. URUGUAY ASISTENCIA and MAPFRE ACONCAGUA A.R.T. are set up.

1997. A MAPFRE RE branch is set up in Brussels. A MAPFRE RE agency office is set up in Athens. ALL-MAP-ASSIST GMBH (Germany), QUETZAL ASISTENCIA (Guatemala), PANAMÁ ASISTENCIA and AFORE TEPEYAC (Mexico) are set up. MAPFRE PERÚ (Peru) is acquired.

1998. MAPFRE ASISTENCIA agency offices are set up in the United Kingdom and Moscow and an IBEROASISTENCIA agency office in the Philippines. MAPFRE ACONCAGUA VIDA (Argentina) and COSTA RICA ASISTENCIA are set up.

1999. LA CENTRO AMERICANA (El Salvador) is acquired. MAPFRE COLOMBIA VIDA, MAPFRE SEGURADORA DE GARANTÍAS y CRÉDITO (Brazil) and CREDISEGURO (Colombia), BENELUX ASSIST S.A. (Belgium), ASISTENCIA BOLIVIANA, EL SALVADOR ASISTENCIA and NICASSIST (Nicaragua) are set up. MAPFRE ASISTENCIA branches are set up in Honduras and Paraguay.

2000. CORPORACIÓN FINISTERRE (Peru) is acquired. MAPFRE REINSURANCE CORPORATION of U.S.A, MAPFRE CHILE VIDA, TEPEYAC ASESORES (Mexico) and NORASSIST (Canada) are set up.

2001. CREDIMAPFRE (Colombia) is set up. CONSOLIDATED PROPERTY & CASUALTY (U.S.A.) is acquired.

2003. ROAD AMERICA MOTOR CLUB (USA), NUOVI SERVIZI AUTO, the Irish reinsurance company GENERAL SERVICES REINSURANCE and CANADA LIFE INSURANCE of Puerto Rico are acquired.

2004. MAPFRE REINSURANCE CORPORATION is authorised to start operations in Canada

2005. MAPFRE increases its stake in MIDDELESEA INSURANCE plc (Malta). Acquisition of ABRAXAS (Great Britain) and a 51 per cent stake in Noxa Caixa Seguros e Previdencia (Brazil)

2006. MAPFRE ASISTENCIA opens a representative office in Jordania, acquires Canadian Roadside& Recovery Inc and starts operations in Travel Assistance in China. MAPFRE EMPRESAS opens representative offices in London and Paris.

2007. Acquisition of a majority stake in the turkish insurer GENEL SIGORTA and announcement of the merger agreement for the acquisition of the US insurer THE COMMERCE GROUP. The Group starts Direct Insurance operations in Ecuador. Acquisition of REAL PARAGUAYA DE SEGUROS y REAL URUGUAYA DE SEGUROS. MAPFRE ASISTENCIA starts business in India, Algeria, Poland and Egypt. MAPFRE EMPRESAS opens a representative office in Cologne (Germany)

2008. MAPFRE RE establishes a subsidiary in Brazil. MAPFRE completes the acquisition of the US insurer COMMERCE, the largest investment in the history of the Group. MAPFRE acquires a majority stake in the ecuadorian ATLAS. MAPFRE opens an assistance subsidiary in Dubai.

2009.MAPFRE ranks in the eight place of the European Non-Life Ranking. MAPFRE and Banco Do Brasil sign a memorandum of understanding to negotiate the joint development of the insurance businesses of both groups in the brazilian market. MAPFRE acquires a 50 per cent stake of the Portuguese insurer Finibanco Vida.

2010. MAPFRE and BANCO DO BRASIL implement their strategic alliance in the insurance sector.

2011. MAPFRE RE opens an office in Paris. MAPFRE INTERNACIONAL becomes the majority shareholder of Middlesea Insurance (Malta). MAPFRE and EULER HERMES sign a memorandum of understanding to jointly develop their credit and bond insurance businesses in Spain, Portugal and Latin America. MAPFRE ASISTENCIA sets up a subsidiary in Australia for travel insurance on line distribution. MAPFRE has direct presence in five continents.

2012. MAPFRE Assistencia enters the market of the Czech Republic through a insurance broker Top-Pojisteni.cz