{"id":21195,"date":"2026-05-11T10:49:11","date_gmt":"2026-05-11T10:49:11","guid":{"rendered":"https:\/\/www.europesays.com\/spain\/21195\/"},"modified":"2026-05-11T10:49:11","modified_gmt":"2026-05-11T10:49:11","slug":"recoletos-re-2026-1-cat-bond-underscores-mapfre-res-disciplined-risk-management-ceo-rosa","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/spain\/21195\/","title":{"rendered":"Recoletos Re 2026-1 cat bond underscores Mapfre Re\u2019s disciplined risk management: CEO Rosa"},"content":{"rendered":"

Spanish global reinsurer Mapfre Re\u2019s sponsorship of its third and largest catastrophe bond yet, the $200 million Recoletos Re DAC (Series 2026-1)<\/a>\u00a0issuance, underscores the company\u2019s disciplined approach to risk management, as well as its commitment to securing well-aligned protection for Mapfre Group, Miguel Rosa, CEO of Mapfre Re has said.
\"miguel-rosa-ceo-mapfre-re\"As we\u2019ve been reporting,<\/a> Mapfre Re, the reinsurance arm of the Mapfre Group, successfully priced its third and largest catastrophe bond sponsorship earlier this month, with the tranche of notes on offer pricing at the lowest-end of guidance.<\/p>\n

\u201cThe transaction represents a significant milestone, introducing for the first time indemnity\u2011based, per\u2011occurrence U.S. named storm coverage fully integrated into Mapfre Re\u2019s corporate reinsurance purchasing program for the Mapfre Group,\u201d Mapfre Re said.<\/p>\n

As the firm explained, this approach allows for closer alignment between reinsurance protection and the Group\u2019s underlying risk exposure, improving the effectiveness of risk transfer to the capital markets.<\/p>\n

GC Securities, the investment banking and capital markets unit of reinsurance broker Guy Carpenter, acted as sole structuring agent and also joint bookrunner of the transaction, alongside Aon Securities.<\/p>\n

Miguel Rosa, CEO of Mapfre Re, commented: \u201cThis transaction underscores our disciplined approach to risk management and our continued commitment to securing robust, well\u2011aligned protection for the Mapfre Group.<\/p>\n

\u201cBy further integrating indemnity\u2011based catastrophe bond coverage into our reinsurance corporate program, we are supporting the Group\u2019s resilience while making strategic and diversified use of capital markets capacity.\u201d<\/p>\n

Mapfre Re also noted that through this Recoletos Re DAC (Series 2026-1)<\/a> transaction, it continues to reinforce the use of alternative capital as a structural pillar of its retrocession and reinsurance purchasing strategy, which ultimately further enhances the Group\u2019s resilience through diversified sources of capacity that complement traditional products.<\/p>\n

\u201cThis latest closing reaffirms Mapfre Re\u2019s commitment to advanced and rigorous risk management, enhancing its protection against U.S. hurricane risk and further deepening the integration of capital markets within its global reinsurance strategy,\u201d Mapfre Re added.<\/p>\n

As a reminder, you can read all about this new\u00a0Recoletos Re DAC (Series 2026-1)<\/a>\u00a0catastrophe bond and view details on almost every other cat bond ever issued in our extensive\u00a0Artemis Deal Directory<\/a>.<\/p>\n


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