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25 April 2025Reinsurance

Mapfre Re CR worsens to 97.9% in first quarter

Mapfre Re, the reinsurance arm of Spanish re/insurer Mapfre, saw its combined ratio deteriorate to 97.9% in the first three months of this year, after the reinsurer was hit by a net €85 million ($96 million) loss from the California wildfires.

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