Regulatory approval obtained for new MAPFRE Middlesea plc Non-Executive Director

MAPFRE Middlesea plc on Wednesday (today) announced that regulatory approval has been granted for the appointment of Eduardo Perez de Lema as Non-Executive Director.

In a statement posted on the Malta Stock Exchange, the company said that regulatory approval was obtained from the Malta Financial Services Authority (MFSA) as from 4th June 2024.

The announcement of his appointment was first made last February, with him replacing Jose Ramon Alegre who resigned from his position at the start of the year.

Mr Perez de Lema is a graduate of Business Management and Administration from the Pontifical University of Salamanca, Spain. In 1993, he joined the underwriting area within MAPFRE RE, the professional reinsurer of MAPFRE Group.

He was appointed Assistant General Manager, reporting to the General Manager in 2005, and three years later he was appointed Deputy General Manager. In 2011, Mr Perez de Lema was appointed General Manager, reporting directly to MAPFRE RE’s CEO. From 2005 up until 2023, he was CEO and Chairman of the Management Committee of MAPFRE RE.

He is presently CEO of the International Insurance Unit at MAPFRE, Director of MAPFRE S.A. and a Member of the same firm’s Executive Committee, as well as Chairman of MAPFRE Global Risks, Director of MAPFRE Internacional, Director of MAPFRE RE, and a Trustee of Fundación MAPFRE.

MAPFRE Middlesea, a subsidiary of Spanish multinational firm MAPFRE, was established in 1981 as the first insurance company transacting general business in Malta.