Mapfre Panamá, S.A. is the local unit of Spanish insurer giant Mapfre. It operates in both the life/health and P&C segments. It started operations in 1967 as Aseguradora Mundial, S.A. and in late 2009, Mapfre entered to the company by acquiring a 65% stake. Since 2012, the spanish firm controls the holding that groups its operations in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
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