Business Insurance Mapfre’s profit grows 11%, outpacing premium gains Spain-based Mapfre SA posted an 11% year-on-year increase in net profit to 924 million euros ($1 billion) in the first three quarters of 2026, while premiums grew 2% to €22.8 billion, Reinsurance News reported. Mapfre Re, the firm’s…
Mapfre announced in July 2026 that its US subsidiary, Mapfre USA, would acquire Safety Insurance Group in an all-cash deal valued at US$1.54 billion, paying US$105 per share, a 44% premium to Safety’s closing price on the day the agreement was signed.
SOUTH AFRICA · INSURANCE South Africa’s OUTsurance Group plans to swap new shares for the stake its founder, executives and staff hold in its main subsidiary. South African insurer OUTsurance Group, listed on the Johannesburg Stock Exchange (JSE), plans to buy…
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The U.S. arm of Spain's MAPFRE, sold by independent agents, and Massachusetts' largest auto insurer; it agreed in July 2026 to buy Safety Insurance.