News: Mapfre SA (MAP.MC)
Wed, Oct 30 2013
(The following statement was released by the rating agency) LONDON/FRANKFURT, October 04 (Fitch) Fitch Ratings has affirmed Mapfre Genel Sigorta's (MGS) National Insurer Financial Strength (IFS) rating at 'AA(tur)'. The Outlook is Stable. The affirmation reflects MGS's 'important' subsidiary status within Mapfre SA (BBB/Stable), its strong positioning and franchise despite its focus on the highly competitive Turkish non-life insurance market. The rating also reflects its prudent asset alloc
MADRID, Sept 26 - Spain's BFA-Bankia said on Thursday it booked capital gains of 165 million euros ($222.9 million) from the placement of a 12 percent stake in insurer Mapfre.
MADRID - Broker UBS said on Thursday it had placed the 12 percent stake in Spanish insurer Mapfre held by the country's largest state-rescued lender Bankia for 2.647 euros ($3.6) per share for a total of almost 1 billion euros.
MADRID - Spain's biggest state-rescued lender Bankia is placing a 12 percent stake in Spanish insurer Mapfre with institutional investors, broker UBS said on Wednesday.
MADRID, Sept 25 - Spain's biggest state-rescued lender Bankia is placing a 12 percent stake in Spanish insurer Mapfre with institutional investors, broker UBS said on Wednesday.
(The following statement was released by the rating agency) LONDON, July 31 (Fitch) Fitch Ratings has affirmed Mapfre SA's (Mapfre) Issuer Default Rating (IDR) at 'BBB-' and its core operating subsidiaries' Insurer Financial Strength (IFS) rating at 'BBB'. The Outlook on the ratings is Stable. A full list of rating actions is at the end of this release. KEY RATING DRIVERS The affirmation reflects Mapfre's strong underwriting performance in H113 and its decreasing Fitch-calculated financial
MADRID, July 25 - Spanish insurer Mapfre on Thursday posted a 5 percent rise in net profit in the first half of the year to 456 million euros ($604 million), bouyed by its overseas businesses such as Latin America.