Mapfre acquires a 38.9% stake in Tuio
The operation will boost Tuio's international expansion and reinforces the use of artificial intelligence in the insurance sector.
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Multinational insurance and financial services group
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In short: Mapfre reported a 9.4% increase in H1 2026 profit to €624 million and announced the $1.54 billion acquisition of Safety in the US.
The operation will boost Tuio's international expansion and reinforces the use of artificial intelligence in the insurance sector.
It enabled a special device with priority attention and has received 161 claims communications.
Premiums grew 1.1% to €16.1B, combined ratio improved to 92.8%, and ROE reached 12.5%.
Mapfre SA's rating rises to 'A' and Mapfre Re's to 'AA-', with stable outlook.
Mapfre is taking measures in light of the future of its business in Italy. As José Luis Jiménez, the entity's chief financial officer, commented during the conference...
Mapfre has closed an agreement to acquire 38.9% of the digital insurer Tuio for an unspecified amount, with the aim of strengthening its...
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Mapfre SA (MPFRF) reports robust net profit and improved financial metrics, bolstered by strategic acquisitions and market expansion.
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