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Fitch upgrades Mapfre's issuer rating from A to A+ on international diversification

FinanceInternationalWeb corporativa - MapfreAI summary
Image: Web corporativa - Mapfre

Fitch Ratings upgraded Mapfre's issuer default rating (IDR) from A to A+ and affirmed at AA- (Very Strong) the insurer financial strength (IFS) rating of Mapfre Asistencia, both with a stable outlook. The agency attributes the upgrade to greater diversification of profits from the group's international businesses and lower dependence on individual markets. It also mentions the acquisition of Safety Insurance and highlights capital strength, with a Solvency II ratio of 208.8% at the close of the first half of 2026.

In 40 seconds

  • Fitch raises Mapfre's IDR from A to A+ and affirms Mapfre Asistencia's IFS at AA-, both with a stable outlook.
  • The upgrade reflects greater diversification of international profits and lower dependence on individual markets.
  • Fitch says the Safety Insurance acquisition will strengthen diversification and the competitive position in the northeastern United States.
Read the full story at Web corporativa - Mapfre

IASummary generated by artificial intelligence from a story by Web corporativa - Mapfre. It may contain errors: the original source prevails.

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