MAPFRE Announces Succession Plan

MAPFRE, the insurance company, has announced several new appointments as part of its restructuring efforts. These changes include naming Miguel Ángel Rosa as the new Chief Executive Officer of MAPFRE RE, while the current CEO, Eduardo Pérez de Lema, will become the CEO of International Insurance.

The International Insurance division is a newly formed unit that brings together LATAM, EMEA, and MAPFRE Global Risks. Eduardo Pérez de Lema will lead this division and also take on the role of CEO of MAPFRE Global Risks.

Mónica García Cristóbal, the head of transformation at MAPFRE in Spain, will take over as the CEO of Verti Germany as Miguel Ángel Rosa assumes the role of CEO of the reinsurance arm.

Additionally, the company has announced that Ignacio Baeza is retiring from his position as first Vice Chairman after serving the Group in various roles for 27 years. He will be succeeded by José Manuel Inchausti, the current CEO of MAPFRE Iberia and third Vice Chairman. Fernando Mata, the Group’s CFO and board member, will also take on the role of third Vice Chairman.

José Luis Jiménez, the current Chief Investment Officer of the Group, will join the Finance Area as deputy CFO and continue to oversee global investment management.

In another appointment, Raúl Costilla, the current CEO of MAPFRE Vida, with extensive experience in the insurance business, has been appointed as the Group’s Chief Business Officer, responsible for directing the Group’s sales and technical strategy globally.

MAPFRE has also streamlined its corporate structure by integrating People, Strategy, and Sustainability into a single area, led by Alfredo Castelo, the current Chief Business Officer. Juan Carlos Rondeau will continue to lead the Corporate People and Organization Area.

Furthermore, José Luis Gurtubay will take over the Corporate Internal Audit Area from March 31, 2024, replacing María Luisa Gordillo, who will retire on that date.

Within its Iberia operations, Elena Sanz Isla, the current Chief People Officer of the Group, has been appointed CEO of MAPFRE Iberia (Spain and Portugal). Jesús Martínez Castellanos, the current regional CEO of LATAM, will join this unit as Deputy CEO and will also assume the role of CEO of MAPFRE Vida.

In addition to these appointments, MAPFRE has extended the renewal of first-level executives to five other Group countries.

Alberto Berges has been named CEO of MAPFRE Mexico, and in Brazil, the structure remains under the leadership of Felipe Nascimento. Óscar Celada, transferring from MAPFRE in Spain, has been appointed Deputy CEO of Business at MAPFRE Seguros in Brazil. Nelson Alves moves from MAPFRE Asistencia (MAWDY) to become Deputy CEO of Finance and Business Support at MAPFRE Seguros.

In the Dominican Republic, Andrés Mejía has been appointed as the CEO for the two operations in the country. Eva Tamayo, the current regional general manager for the Canary Islands, has been designated CEO of MAPFRE in Chile.

In Panama and Central America, Óscar Ortega, who has led the business in Chile until now, will be the new CEO.

In total, more than 15 senior MAPFRE executives have been appointed or have changed positions within the Group. All of these appointments will take effect on January 1, 2024, except for the change related to the Internal Audit area.

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