MAPFRE RE expands in China with new department workplace in Beijing

MAPFRE RE has formally opened its new department workplace in Beijing, marking a big step within the firm’s growth inside China.

The inauguration occasion happened on Oct. 18 on the residence of the Spanish Ambassador to China, attended by trade and diplomatic representatives.

The ceremony started with remarks from Spanish Ambassador Marta Betanzos Roig, who shared her expectations for MAPFRE RE’s continued business progress in China.

Alfonso Noriega, first financial and business counselor on the Spanish Embassy in China, additionally congratulated the corporate, emphasizing the significance of monetary cooperation between China and Spain.

MAPFRE RE CEO Miguel Rosa mentioned the strategic significance of the Beijing department, noting that the brand new workplace would strengthen relationships with native companions and improve the corporate’s reinsurance companies within the Chinese language market.

Ignacio Rodríguez Arteche, the supervisor of the brand new department, stated that MAPFRE RE was dedicated to the event of China’s insurance coverage and reinsurance trade.

The occasion included representatives from MAPFRE RE’s headquarters in Madrid, together with Javier Sánchez Cea, regional supervisor for the Asia-Pacific area, and Javier San Basilio, deputy common supervisor and chief underwriting ffficer.

MAPFRE RE stated in a LinkedIn publish that its new department is predicted to assist its long-term progress technique in China, facilitating nearer collaboration with native markets.

Again in July, the reinsurer introduced that it obtained official approval from the Nationwide Monetary Regulatory Administration of the Individuals’s Republic of China to open its department in Beijing.

“The opening of this department reinforces our dedication to the Chinese language market and to proceed growing our companies in Asia, a continent wherein MAPFRE RE has a direct presence – along with China – within the Philippines, Japan, Malaysia and Singapore. Our monetary energy and solvency, the backing of a world Group similar to MAPFRE and our technical rigor permit us to extend our capability to serve shoppers on this area and aspire to be a reinsurer of reference on this market,” Rosa stated.

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