Mapfre insurance ma

Who is MAPFRE Insurance?

MAPFRE Insurance is a forward-thinking insurance company offering friendly service. We build relationships based on trust and we are committed to providing high-quality products and valuable services, as well as exceptional customer experiences. MAPFRE Insurance originated in Massachusetts as The Commerce Group, Inc. (CGI), founded in the town of Webster, Massachusetts in 1972. As the Mass.-based Commerce Insurance, we are the largest provider of private passenger automobile property insurance, homeowners' insurer, and commercial automobile insurer in the area. We offer property and casualty insurance in 12 states across the United States through a network of independent agents and brokers. We are rated “A” (Excellent) by A.M. Best Company and have an “A+” Accreditation from The Better Business Bureau (BBB) in all the states where we conduct business. Our company provides a full range of insurance products, including personal automobile insurance and homes. MAPFRE Insurance is part of the MAPFRE Group, a global insurance company present on five continents. It is the benchmark insurer in the Spanish market, the leading non-life insurance company and the third-largest insurance group in Latin America, the tenth biggest insurer in Europe, and ranks among the top 20 private auto insurance carriers in the United States. MAPFRE employs 35,000 employees and services more than 29 million customers.

MAPFRE Insurance is headquartered in Webster, Massachusetts (link), United States. It was founded in 1972 as the Commerce Group; it was acquired in 2008 by Mapfre S.A..

MAPFRE Insurance writes property and casualty insurance in 19 states across the United States through a network of more than 4,200 independent agents and brokers. MAPFRE Insurance is the 19th largest provider of personal automobile insurance and the 20th largest personal lines insurer in the United States.^{[citation needed]} MAPFRE Insurance is also the largest private passenger automobile insurer, homeowners’ insurer and commercial automobile insurer in Massachusetts.^{[citation needed]} MAPFRE Insurance provides a full range of insurance products, including coverage for automobiles, homes, motorcycles, watercraft and businesses, as well as term life insurance. MAPFRE Insurance is part of the MAPFRE Group, an international insurer with business in 47 countries on five continents. The MAPFRE Group is the leading insurer in Spain. It is also the leading insurer in the non-life market in Latin America and the sixth largest non-life insurer in Europe. The MAPFRE Group has over 36,000 employees and over 23 million customers worldwide. In 2014, the MAPFRE Group had net earnings of $1.1 billion with revenues of $34.8 billion.^[1]

History[edit]

• Commerce Insurance was founded in 1972 as small insurance company in the south-central Massachusetts town of Webster(link) where the company is still located and headquartered.

In April 2007, Commerce entered the New York personal lines insurance market through its acquisition of SWICO Enterprises, Ltd., the holding company for Hempstead, New York-based (link) property and casualty insurer State-Wide Insurance Company. State-Wide Insurance Company primarily writes private passenger automobile insurance in the state of New York.

In June 2008, The Commerce Group, Inc. was acquired by Mapfre S.A. Mapfre, based in Madrid, was founded in 1933 as a landowners' co-operative; it is now a public company and the largest insurance group in Latin America with a presence in 43 countries, and about 51,000 agents worldwide.^[2]

In January 2020, MAPFRE Insurance made an alliance with Banco Pichincha which operates in Colombia and Ecuador.^[3]

In February 2020, MAPFRE Insurance was involved in several claim cases due to Hurricane Maria in Puerto Rico.^[4]

In March 2020, MAPFRE Insurance's One Winthrop Sq. was acquired by Nan Fung Life Sciences Real Estate.^[5]

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External links[edit]

The Commerce Insurance Company, formerly known as Commerce Insurance Group, was an American company that provided personal insurance, commercial property insurance, and casualty insurance in Massachusetts and New Hampshire. Their core product lines included personal automobile, homeowners, and commercial auto insurance.

History[edit]

This section needs expansion. You can help by adding to it. (December 2009)

Commerce Insurance was founded in 1972 by Arthur J. Remillard, Jr., as a small insurance company in the south-central Massachusetts town of Webster where the company is still located and headquartered. Remillard was the company's longtime CEO and chairman, retiring in July 2006.^{[citation needed]}

In April 2007, Commerce entered the New York personal lines insurance market through its acquisition of SWICO Enterprises, Ltd., the holding company for Hempstead, New York-based property and casualty insurer State-Wide Insurance Company. State-Wide Insurance Company primarily writes private passenger automobile insurance in the state of New York.^{[citation needed]}

In June 2008, The Commerce Group, Inc. was acquired by MAPFRE S.A.. MAPFRE is the largest insurance group in Latin America and has a presence in 43 countries, with about 51,000 agents worldwide.

Commerce also sponsors a roadside assistance program for the Massachusetts Turnpike and Mass Highway.

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