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MAPFRE Tepeyac S.A.

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Description

Mapfre Tepeyac is a Mexican insurer specialized in the areas of insurance, surety bonds, and credit insurance. It provides a wide range of insurance products and services, including life, car, homeowners, medical expense, corporate, and agricultural insurance. Mapfre Tepeyac offers agricultural companies investment protection plans against weather setbacks and risks to livestock. In addition, the insurer provides payment bonds that secure the fulfillment of fuel supply contracts (designed for gas stations, fuel distributors and aviation fuel suppliers), and judicial guarantees that ensure that financial obligations stemming from lawsuits are met. Mapfre Tepeyac is the local unit of Spanish insurance group Mapfre. In 2015, the company obtained a US$423mn contract to provide insurance coverage for two years to Pemex.

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