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New CEO for MAPFRE Middlesea

MAPFRE Middlesea plc has announced the appointment of Felipe Navarro López de Chicheri as its new Chief Executive Officer (CEO). Mr Navarro López de Chicheri, a Spanish national, is an insurance professional with a proven track record within MAPFRE, having held various senior management positions both at MAPFRE Vida and MAPFRE S.A. Navarro López de Chicheri takes over the helm at MAPFRE Middlesea from Alfredo Muñoz, who has led the company for the past four years. Muñoz will taking on a major role at another company within the MAPFRE Group.

Mr Navarro López de Chicheri, who holds a degree in Economics from the Universidad Computense de Madrid and an MBA from the Universidad de Alcalá de Henares in Spain, joined the MAPFRE Group in 2002. Apart from his top management roles within the Group, he is also currently a member of the boards of a number of Spanish companies operating in the Life and Pension insurance sector. He is also a board member at MSV Life plc and was a board member at MAPFRE Middlesea plc between 20 April 2012 and 29 April 2014.

“We are delighted to announce the appointment of Felipe Navarro López de Chicheri as CEO,” said Mr Martin Galea, Chairman of MAPFRE Middlesea.  “Felipe is an experienced insurer with an impressive track record. Throughout his career, he  has proven himself as a corporate leader, possessing strong business acumen and technical expertise in the sector,” added Mr Galea. "We are confident that Mr Navarro López de Chicheri will continue to steer the company towards the goals we have established, along the lines so successfully set by his predecessor Alfredo Muñoz.  We take this opportunity to extend our gratitude to Alfredo for the strong leadership he  displayed during his tenure as President and CEO, and for his critical contribution to the success of the company. We wish him all the best in his future assignment within the MAPFRE Group.”

The appointment of Mr Navarro López de Chicheri as MAPFRE Middlesea’s new CEO is subject to regulatory clearance and approval by the Malta Financial Services Authority.

For more information about MAPFRE Middlesea please visit www.middlesea.com.

MAPFRE Middlesea p.l.c. (C-5553) is authorised by the Malta Financial Services Authority to carry on both Long Term and General Business under the Insurance Business Act, 1998.

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