Mapfre profits hit by COVID-19 claims, heavy nat cat and economic contraction

30-10-2020

Mapfre profits hit by COVID-19 claims, heavy nat cat and economic contraction

Antonio Huertas, chairman and CEO of Mapfre

Re/insurer Mapfre's revenues and earnings in the first nine months of 2020 were dragged down by the influx of claims related to COVID-19, elevated nat cat losses and currency depreciation across many of the main countries in which it operates. Spain, however, contributed the most to the group's results, recording a profit of €328 million.


Mapfre, Antonio Huertas, Nine months 2020, Results, Reinsurance, Insurance, Europe, Spain, Latin America

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