Mapfre most exposed global carrier to Puerto Rico
Hurricane Maria is likely to cause severe insured losses in
Puerto Rico, the Caribbean's largest insurance market, with
Mapfre the global insurer with the greatest exposure to the US
territory.
The US commonwealth's non-life market generated $1.7bn of
premiums in 2016, according to data provider Axco Global
Statistics.
Local insurer Universal Group, which is unrelated to the
Floridian carrier with a similar name, has the largest overall
market share in Puerto Rico, accounting for 18.15 percent o
Read more »