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China Re Group and Spain's MAPFRE Insurance Group Sign Memorandum of Understanding on Commercial Cooperation

source: 浏览次数: Release time: July 9, 2019Views:

On the afternoon of July 8, local time, Chairman Yuan Linjiang of China Re Group led a delegation to sign a memorandum of understanding on business cooperation with Spain's largest insurance group MAPFRE.

Founded in 1933, MAPFRE is not only the largest insurance group in the Spanish market, but also one of the most influential insurance companies in Latin America. The successful signing of a general business cooperation memorandum with MAPFRE Insurance Group will not only expand China Re's reliable and stable international circle of friends, effectively leverage the Latin American market's business gaps, achieve breakthrough expansion of the Latin American service network, but also help the country " The "Belt and Road" construction is in response to important measures called for by countries to cooperate in developing market policies for third countries.

Before the signing ceremony, the two sides conducted in-depth exchanges on deepening cooperation, serving the "Belt and Road" construction and cooperating in the development of third-party markets. Chairman Yuan Linjiang said that MAPFRE has always been an important international partner of China Re Group, and the two parties have maintained good interactions. The signing of a memorandum of cooperation with MAPFRE Group is the two parties in the fields of property reinsurance, life insurance reinsurance, direct insurance business and product innovation. Promoting a new starting point for comprehensive cooperation, and expanding the scope of cooperation between Europe and Latin America, is of great significance for serving the "Belt and Road" construction and jointly developing third-party markets.

Mr. Antonio Huertas, Chairman of MAPFRE Insurance Group, welcomes the visit of Chairman Yuan Linjiang and his party. He said that Spain actively responded to the "Belt and Road" initiative, joined the Asian Infrastructure Investment Bank successively, and opened the China-Europe train "Yixinou" linking Yiwu and Madrid. MAPFRE has also been seeking opportunities to participate in the construction of the “Belt and Road” initiative. MAPFRE ’s comprehensive network of institutions on five continents, especially in Latin America, has important location advantages for serving the “Belt and Road” initiative. MAPFRE hopes to work with China Re to deepen cooperation in the areas of direct insurance, reinsurance and risk management, and combine the advantages of both parties to jointly develop third country markets to jointly provide stability for local Chinese-funded enterprises and the “Belt and Road” projects. Insurance, reinsurance services.

Mr. Eduardo Perez de Lema, President of MAPFRE Reinsurance, Mr. Leire Jimenez, President of MAPFRE Rover Rescue, Mr. Jose Manuel Corral, General Manager of Enterprise Business and Customer Region of MAPFRE Insurance Company, Mr. Jesus Galeote, Chief Regional Officer of MAPFRE Reinsurance Asia Pacific, Chief Representative of MAPFRE China Ignacio Rodriguez Artetxe, Zuo Huiqiang, deputy general manager of China Re Property & Casualty Insurance, Li Wei, general manager of China Re's strategic customer department, and Shang Yongtao, vice president of China Land Insurance, attended the meeting and signed the contract.


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