MAPFRE RE has announced a series of executive appointments approved by its board of directors as part of its ongoing efforts to align leadership with its strategic growth and operational plans.
Fernando Utrilla Agüero has been appointed deputy chief financial officer. He previously served as assistant general manager of MAPFRE Group Business at MAPFRE RE. José López González (pictured above), currently underwriting manager for MAPFRE Group Retrocessions, has been named Assistant General Manager of MAPFRE Group Business and will join the company’s Management Committee.
Utrilla holds degrees in Business Administration and Insurance Sciences from the Pontifical University of Salamanca. He joined MAPFRE RE in May 1994 and has held various leadership positions over the past three decades.
López earned a degree in economics from the University of Alcalá de Henares and has been with the company since September 2008. He has worked in several roles within the retrocession function, contributing to the company’s reinsurance operations.
Both executives will report to MAPFRE RE CEO Miguel Rosa.
These changes, effective July 1, follow a broader organizational restructuring initiated earlier this year.
In February, MAPFRE RE unveiled a new internal structure focused on expanding its life business, refining its technical and commercial approach, and deepening engagement with clients and brokers.
The major leadership revamp includes the appointment of Javier San Basilio as general manager. The company stated that the new appointments are intended to support business development, strengthen commercial relationships, and improve operational efficiency.
In addition to the executive appointments, MAPFRE RE also confirmed a board-level change. José Manuel Inchausti Pérez will assume the role of chairman of the board of directors, replacing Esteban Tejera, who will retire from the board on September 6 after reaching the statutory age limit for board membership. Inchausti will also join the board as a director on the same date.
The company’s leadership moves also come amid a strong financial backdrop. MAPFRE RE reported earnings of €325 million in 2024, an increase of €81 million from the previous year. The result contributed to the MAPFRE Group’s overall performance, which it described as the strongest in its history.
According to the company’s reporting, reinsurance business played a central role in that growth, driven by technical profitability, disciplined underwriting, and favorable investment income trends.
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