MAPFRE, Spain’s largest and most successful insurance group, which since 2005 has become the largest non-life insurer in Latin America, celebrates its 75th Anniversary this year. Founded in 1933, MAPFRE has evolved from a local market leader in Spain to a large international group with presence in 43 countries and over 31,000 employees and more than 13 million clients worldwide.
MAPFRE’s Board of Directors, in its meeting in Istanbul (Turkey) early June, approved and announced excellent results for the first quarter of 2008. The Group achieved a result before tax and minority interests of EUR504.9 Million (US$ 796.6 Million), an increase of 52.1% over the same period last year, with EUR337.5 Million (US$ 532.5 Million) coming from its non-life operations.
Results from its international operations, accounted for about 30% of the Group’s results growing by 42.8% to EUR99.4 Million (US$156.8 Million). Total premiums written increased to EUR4.057 Billion (US$6.4 Billion), 19.6% over the same period last year with non-life premiums accounting for EUR3.137 Billion (US$ 4.949 Billion), an increase of 14% over the first quarter 2007. Life premiums recorded a 43.7% increase to EUR915.3 Million (US$1.444 Billion).
MAPFRE S.A., the holding company of the Group, is principally engaged in the insurance, financial and real estate sectors. The Company’s subsidiaries include Mapfre-Caja Madrid Holding, Mapfre Inmuebles, Mapfre Automoviles, Mapfre RE and Mapfre Asistencia. The majority control of Mapfre S.A. is held by Fundacion Mapfre, a private foundation which undertakes non-profit activities. Mapfre S.A. is headquartered in Madrid, Spain.
All Mapfre Insular employees participated during the nationwide ‘2nd Seize the Day — the Big Seiso Day!’ last August 16.
In Japan, 5S refers to the Basic Principles of Industrial Housekeeping. 5S stands for Seiri (Sort), Seiso (Standardize), Seiton(Sweep), Seiketsu (Straighten), and Shitsuke (Sustain).
President and CEO Enrique Clemente III did a usual ocular inspection at the Head Office, and browsed through the submitted pictures from the branches. He was again delighted to see the much improved physical work environment. He also personally rated, using a questionnaire, all work stations and determined the 3 winners for the ‘Cleanest Work Stations’ for HO Division, Luzon, and VisMin Branch Categories. Winners are IT Division, MBO, and Davao Branch, respectively, who each received PhP 5,000.00 cash reward.
Let us congratulate ourselves for our continued effort and commitment in providing a positive working environment for the Company in the Mapfre Insular 5S way!
Mapfre Insular Insurance Corporation is launching “El Mundo,” a bi-monthly newsletter to enhance client interaction as a token of appreciation for the continued support of their customers.
Through “El Mundo,” the company hopes to reach around 50,000 of its clients. “El Mundo is our medium for reaching out to policyholders so we can continuously communicate with them.”
Mapfre Insular Marketing Support Manager, Mallou Lorenzo, said. “All of these plus other surprises, and of course a regular dose of interesting articles with useful information will be available to our policyholders. This is our way of thanking our clients for their continued trust in the quality of Mapfre Insular’s services.”
This year, Mapfre Insular Insurance Corporation celebrates its 74th anniversary and honors the 8th batchof service awardees.
The Thanksgiving Mass was officiated by Rev. Fr. Salvador “Buddy” Piad. This was followed by the Service Awards Program
proper.
President and CEO Enrique Clemente III formally opened the program by giving an inspiring message about the Company’s ever improving performance for the past couple of years. He also emphasized the value of teamwork and loyalty which, to him, made the Company the dynamic organization that it is now.
Eighteen (18) service awardees were recognized for their service and dedication to the Company, coming from batches 5, 10, 15, 20, 25 and 35 years.
It was heartwarming to hear batch representatives express their gratitude to their past and present mentors and acknowledge the inspiration and influence made by colleagues in making them better persons.
The first Mapfre Insular Art Contest for employees was also formally launched as part of Mapfre Insular’s 75th Anniversary celebration next year.
To cap this unforgettable day, a sumptuous feast was prepared by Café Año for everyone present.
