Javier Moreno to step down as MAPFRE Middlesea CEO from next year

On Monday (today), MAPFRE Middlesea plc announced that Javier Moreno will be stepping down effective on 1st January 2025 to take up a new position within the MAPFRE S.A. Group, the global operating company.

The Board thanked Mr Moreno for his dedication to the company over the years and wished him well in his future endevours.

He will be succeeded by Etienne Sciberras, subject to regulatory approval.

Mr Sciberras is a certified public accountant, holder of the CFA designation and an honours degree in Commerce with a major in Management.

He joined the Investments Area of the MAPFRE Group in 2000 where he was promoted to Senior Manager and was subsequently appointed Chief Risk Officer for MAPFRE MSV Life plc in 2012.

In 2021, he was then promoted to CEO of the subsidiary, a position he has held to date.

MAPFRE S.A. Group is a global insurance company based in Spain whose presence spans 49 countries across all continents. The insurance company acquired a significant stake in Middlesea Insurance as part of its expansion strategy.

Currently, MAPFRE Internacional S.A. owns 55.83 per cent of Middlesea Insurance shares while Bank of Valletta (BOV) owns 31.08 per cent. The rest (13.09 per cent) is owned by the general public.

It should be noted that, since the MAPFRE’s takeover this is the first time that the insurance firm will have a Maltese CEO. Between 2011 and 2015 the role was held by Alfredo Munoz Perez. He was succeeded by Felipe Navarro López de Chicheri between 2015 and 2021 and until January by Mr Moreno.