MAPFRE RE, a big insurance company, just made some changes to how it does business! They want to be faster and better at helping their customers. It's like reorganizing your room to make it easier to find things.
- They made four teams to handle different parts of the world (Iberia/Latin America, Asia-Pacific, Europe/Middle East/Africa, and North America).
- They have a new team focused on making the company better and more creative.
- They appointed new leaders to manage these teams and work with important clients.
- They are paying more attention to life insurance and protecting against big disasters like hurricanes.
| Fact | Detail |
|---|---|
| New Structure | Effective March 1st, 2024 |
| Catastrophe Bond | $125 million (to protect against hurricanes) |
