Insurers will start the new school year wary of catastrophes
Los desastres naturales no dan tregua: se suceden grandes incendios, terremotos, amenazas de dana y huracanes en América Latina. Leer
Mapfre and other insurance companies are preparing for a new year marked by natural disasters. The Spanish insurer has seen significant costs from catastrophes in Spain, Latin America, and other parts of Europe, with over €800 million in costs since 2020. The company has launched several catastrophe bond emissions, including a recent $200 million issue, to reinforce its protection against major storms in the US.
Mapfre's president, Antonio Huertas, has warned that the company is closely watching the hurricane season in the Americas, where the group has a significant presence. The insurer has provisioned €25 million for the recent earthquake in Venezuela and will report on the impact of a subsequent earthquake in Colombia once it has the data.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
