Mapfre under intense market scrutiny over Maria pick

Mapfre is being closely watched by the international reinsurance
market after issuing a loss estimate of only EUR150mn-EUR200mn
($176mn-$235mn) for recent cat events despite its huge market share
in Maria-devastated Puerto Rico.
A number of senior reinsurance sources have questioned the
resilience of the loss estimate, with a widespread expectation that
the carrier will breach the top of its reinsurance programme.
Mapfre still buys most of its reinsurance regionally and has
$900mn of cover in pl