Mapfre Global Risks posts loss and 123.5% combined ratio as losses take toll

Damage from Typhoon Faxai

Mapfre Global Risks, the Spanish insurance group’s operation dedicated to the large-corporate market, posted a loss of €19.2m in 2019 and a combined ratio of 123.5% as several big losses took their toll. But its parent group posted a healthy set of results. Mapfre Global Risks’ combined ratio rose by 31.5 percentage points during 2018. Its 2019 loss follows a…

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