Business Insurance Mapfre’s profit grows 11%, outpacing premium gains Spain-based Mapfre SA posted an 11% year-on-year increase in net profit to 924 million euros ($1 billion) in the first three quarters of 2026, while premiums grew 2% to €22.8 billion, Reinsurance News reported. Mapfre Re, the firm’s…
Spanish insurer MAPFRE has reported net profit of €1.1 billion for 2025, breaking through the billion-euro barrier for the first time in its 90-year history as improved technical performance across all regions delivered a 19.6% increase from the prior year. The Madrid-based company…
MAPFRE has raised the financial ambitions of its 2024 to 2025 strategic plan after posting record 2025 results, approving the largest dividend in its history and confirming that it has met all interim sustainability commitments. At its annual general meeting (AGM), shareholders approved…
Mapfre announced in July 2026 that its US subsidiary, Mapfre USA, would acquire Safety Insurance Group in an all-cash deal valued at US$1.54 billion, paying US$105 per share, a 44% premium to Safety’s closing price on the day the agreement was signed.
Novatae Risk Group, the wholesale division of World Insurance Associates, announced it acquired Specialized Program Solutions (SPS), a managing general agency (MGA) in Chester, New Jersey. Founded in 2022, SPS specializes in underwriting, marketing and program administration for long-haul trucking risks…
Published on October 5, 2026 Novatae Risk Group has acquired the assets of Specialized Program Solutions, a managing general agency specializing in the trucking insurance market. Dallas-based Novatae completed the acquisition on Aug. 1, 2026. SPS is based in Chester, New Jersey. The companies…
NOVATAE RISK GROUP ACQUIRES SPECIALIZED PROGRAM SOLUTIONS AOL.com DALLAS, Oct. 1, 2026 /PRNewswire/ -- Novatae Risk Group (Novatae) announced today that it acquired the assets of Specialized Program Solutions (SPS), a leading Managing General Agency in the trucking insurance market located in…
TradingView MAP: Leading global insurer with strong financials, robust ESG focus, and ambitious growth targets Operating in 37 countries, the group maintains leading positions in key markets and a highly diversified business model. Strong financials, robust solvency, and a growing dividend…
SHANGHAI, Sept. 29, 2026 /PRNewswire/ -- Zoomlion Heavy Industry Science & Technology Co., Ltd. ('Zoomlion') signed a US$300 million portfolio credit insurance policy and an initial US$50 million non-recourse factoring agreement at the Zoomlion 2026 Global Financial Partners Summit and Signing Ceremony in Shanghai on…
The $1.54 billion sale of Safety Insurance Group to a Mapfre affiliate is now the subject of a shareholder investigation, with questions raised over whether the agreed price and the process behind the deal adequately reflect the Massachusetts insurer's value. For…
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U.S. arm of Spain's Mapfre and the former Commerce Insurance of Webster, Mass.; the largest home insurer in Massachusetts, sold through independent agents.