Mapfre Global Risks appoints new head of international underwriting

Mapfre Global Risks (MGR), the unit of insurer Mapfre that targets multinational companies, has appointed a new head of international underwriting.

Carlos Vasquez, the head of construction and engineering for MGR based in Madrid, has been promoted to lead international underwriting, including the continued expansion in London, the strategic base for international growth of its global risks business, continental Europe and operations in North America and APAC.

He replaces José Antonio Ruibal who has been promoted to Chief Regions and Market Officer – Latin America.

Vasquez, who joined MGR in 2005 after six years with Heath Lambert, will be based in London and report to Chris Smith, chief regions & markets officer – International.

Smith said: “Carlos’s move forms part of our strategy to delegate authority from the centre in Madrid to London and international regions where we want to make underwriting decisions closer to the client.

“At MGR we believe in developing talent and promoting from within when possible. Carlos is already a highly respected underwriter in his field and he who will use his experience and expertise to support our underwriters across all business lines, as part of our continued growth strategy.”

Vasquez added: “Moving from Madrid to London is an exciting move, but one where I am relishing the challenge. I look forward to working with the team in London and across the wider MGR international network in support of our broker partners and clients.”

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