Brasil Business news

Mapfre S A : Assembly with Banco do Brasil, MAPFRE’s largest bancassurance operation on the planet

The chairmen are analyzing the large progress alternatives provided by the Brazilian market

The chairmen of MAPFRE, Antonio Huertas, and of Banco do Brasil, Fausto de Andrade Ribeiro, met this week in Madrid to debate the progress of our bancassurance alliance in Brazil. For MAPFRE, that is an important bancassurance operation on the planet, and it was additionally a chance for the Brazilian delegation to study in depth in regards to the group’s technique and the primary initiatives underway.

The president was joined by the vice chairman of Digital Enterprise and Know-how for Banco do Brasil, Marcelo Calvacante de Oliveira Lima, and the chairman of BB Seguros, Ullisses Christian Silva Assis.

Additionally taking part within the conferences on behalf of MAPFRE had been, amongst others, Jesús Martínez Castellanos, CEO LATAM, and Fernando Pérez Serrabona and Felipe Nascimento, Regional CEO of Brazil and CEO of Seguros Brasil, respectively. As a part of the work agenda, along with analyzing the constructive efficiency of our joint operations, particular conferences had been held on innovation, financial outlooks with MAPFRE Economics and digital enterprise experiences. Our Brazilian companions additionally had the chance to study MAPFRE in larger depth.

The settlement signed between the 2 entities (MAPFRE and Banco do Brasil) was launched in 2010. Banco do Brasil sells MAPFRE merchandise solely by way of its banking channel. The premium quantity of this alliance contributed 1.739 billion euros to the MAPFRE Group in 2020.

MAPFRE has been current in Brazil for 3 many years and has over 3,300 staff and practically 80 workplaces. As well as, 16,000 brokers retail MAPFRE merchandise. MAPFRE’s enterprise in Brazil is the Group’s second largest and most vital operation on the planet.

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