July 22, 2024


MAPFRE RE announces key appointment in Japan office | Insurance Business America















He has been with the firm for over 12 years

MAPFRE RE announces key appointment in Japan office

Reinsurance

By
Kenneth Araullo

Global reinsurer MAPFRE RE has appointed Alberto Estevez Allegue (pictured above) as chief representative officer of its representative office in Tokyo, Japan, effective July 1.

Estevez brings over 12 years of experience within the MAPFRE group of companies and has extensive knowledge of the Asian-Pacific insurance market. He started his career at MAPFRE Asistencia’s MAPFRE Warranty Japan in 2012, where he served as finance and strategic planning manager for the APAC region based in Tokyo.

His subsequent roles included administration and finance regional manager for the MAPFRE Group APAC team in China in 2014, administration and finance manager of Asia within the MAPFRE Group EURASIA Region in 2018, and projects expert manager at MAPFRE RE’s APAC Regional Management in Madrid.

Estevez holds a degree in economics and social studies from the Open University of Japan and an executive MBA from the Fox School of Business at Temple University.

Commenting on Estevez’s appointment, Javier Sánchez Cea, MAPFRE RE’s chief regional manager for APAC, noted the company’s commitment to long-term relationships and trust.

“Our representative office in Japan underscores our dedication to our clients in this crucial market. Alberto’s experience and expertise will further deepen these client relationships,” Sánchez Cea said.

Recently, the global reinsurer also bolstered its base in Asia as it announced that it has received official approval from the National Financial Regulatory Administration of the People’s Republic of China to open a branch in Beijing.

The establishment of the Beijing branch marks a significant milestone for MAPFRE RE’s strategic development in China. The company noted that this new branch will allow the company to offer a wider range of services and provide increased support to Chinese clients.

“The opening of this branch reinforces our commitment to the Chinese market and to continue increasing our services in Asia, a continent in which MAPFRE RE has a direct presence – in addition to China – in the Philippines, Japan, Malaysia and Singapore,” CEO Miguel Rosa said.

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