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MAPFRE Insurance is headquartered in Webster, Massachusetts, 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]
^"MAPFRE North America Posts $ 2.77 Billion in Annual Premiums, Up 4.5 Percent over Prior Year" (Press release). Business Wire. 11 February 2015. Retrieved 13 April 2020.
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