MAPFRE Appoints Tamayo as CEO of worldwide; Castelo Named CEO of us Unit

Madrid-primarily based MAPFRE S.A. has promoted Jaime Tamayo as CEO of the global territorial vicinity.

In his new duties, Tamayo will oversee three regions at MAPFRE: the North the usa vicinity; the EMEA region, comprising Europe, center East and Africa, and the Asia Pacific area.

he's going to prevail Javier Fernández-Cid in this role, who will retire on the cease of the 12 months.

Tamayo is currently the CEO of MAPFRE america Corp. and CEO of MAPFRE’s North america place. Tamayo could be succeeded with the aid of Alfredo Castelo, who is presently CEO of MAPFRE worldwide risks. (See below for info of Castelo’s biography).

All modifications will take impact on Jan. 1, 2017.

since joining MAPFRE in 1993, Tamayo has held some of govt positions in Puerto Rico and the U.S. on account that 2001, he has led MAPFRE’s operations within the u.s., and in January 2014, he assumed extra local obligation as CEO of MAPFRE North america (usa, Canada and Puerto Rico), overseeing sales in excess of $3.1 billion.

As CEO of MAPFRE u.s.a., Tamayo has been instrumental in the great expansion of MAPFRE’s business inside the U.S. from a nominal presence in early 2008 to reaching sales exceeding $2.3 billion in 2015, the corporation stated in a statement.

under his route, MAPFRE solidified its leadership role in Massachusetts where MAPFRE is the most important automobile, homeowners and commercial car insurer and the corporation elevated its presence out of doors Massachusetts where it now does enterprise in 19 states. MAPFRE u.s. also launched U.S. existence coverage operations in 2015. MAPFRE’s brand recognition inside the usa noticed a threefold boom throughout Mr. Tamayo’s tenure. He additionally spearheaded the distribution transformation of MAPFRE u.s., launching new channels along with entering the an increasing number of essential virtual channel.

North the united states regional vicinity

Castelo has been appointed as CEO of MAPFRE u.s. Corp. and CEO of the North america region, succeeding Tamayo in January 2017.

He joined MAPFRE as a deputy supervisor inside the MAPFRE business general management in 2004. at some stage in his career at MAPFRE, he has held a number of global senior positions which includes CEO of MAPFRE Caucióon y Crédito and positions at MAPFRE Empresas and MAPFRE Internacional. In October 2010 he turned into appointed 1/3 vice president of the worldwide corporations management Committee. Castelo also serves as vice president of Solunion. Castelo holds a diploma in economics and actuarial sciences.