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MAPFRE AM becomes a leader of independent management

Feb 8, 2023

Redacción Mapfre

MAPFRE AM, MAPFRE’s asset manager, has become the largest non-banking independent firm, as highlighted by El Confidencial in an article published this week (available in Spanish). According to Inverco’s 2022 closing data, MAPFRE had managed assets worth 9.71 billion. As a management group for collective investment institutions (CII), it surpassed Mutua, which finished with 8.73 billion. The first group finished in 11th place, and the second in 17th place.

MAPFRE AM finished the fiscal year with 2.79 billion in funds—with over 267 million in net underwriting—and 1.27 billion in Luxembourg (the second largest Spanish SICAV after Santander). The largest section, in pensions, finished with 5.65 billion. This amount is distributed among 2.68 billion in its pensions fund manager, another 2.59 billion in its life insurance business with Bankinter, and 370 million in its life and pension business with CCM. However, if MAPFRE’s subsidiaries are included, the assets reach nearly 40 billion.

What if you win? Keys for investing your Christmas Lottery winnings

On December 22, as is tradition in Spain, millions of citizens will closely follow the Extraordinary Christmas Lottery Draw. The odds of winning are not very high, specifically one in 100,000. Despite this somewhat discouraging fact, it is inevitable to get excited and ask yourself the question: what would you do with the money if you won?

MAPFRE acquires the iconic Ombú Building in Madrid

MAPFRE Inmuebles, the MAPFRE Group’s investment arm for alternative assets, has completed the acquisition of the Ombú Building, a landmark property located in Méndez Álvaro, one of the city’s most promising areas. This purchase reinforces the company’s commitment to investing in sustainable, strategically located offices.

MAPFRE strengthens its asset manager to assert its leadership in financial planning in Spain

The reorganization of MAPFRE AM includes the creation of new departments and the redefinition of responsibilities, changes aimed at promoting the growth of the Group's financial advice business and the evolution from a “product factory” to a “service factory.”