Mapfre Middlesea
title: "Mapfre Middlesea" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["financial-services-companies-established-in-1981", "insurance-companies-of-malta", "companies-listed-on-the-malta-stock-exchange", "1981-establishments-in-malta", "2011-mergers-and-acquisitions"] topic_path: "general/financial-services-companies-established-in-1981" source: "https://en.wikipedia.org/wiki/Mapfre_Middlesea" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0
::data[format=table title="Infobox company"]
| Field | Value |
|---|---|
| name | Mapfre Middlesea plc |
| logo | Logo Mapfre 2026.svg |
| logo_size | 260px |
| type | Public limited company |
| traded_as | |
| foundation | |
| location_city | Floriana |
| location_country | Malta |
| key_people | {{Unbulleted list |
| products | Group Life and Non-Life Insurance |
| parent | MAPFRE |
| subsid | {{Unbulleted list |
| homepage | |
| industry | Insurance |
| former_name | Middlesea Insurance (1981–2015) |
| :: |
| name = Mapfre Middlesea plc | logo = Logo Mapfre 2026.svg | logo_size = 260px | type = Public limited company | traded_as = | foundation = | location_city = Floriana | location_country = Malta | key_people = {{Unbulleted list | Martin Galea (Chairman) | Javier Moreno (CEO) | products = Group Life and Non-Life Insurance | parent = MAPFRE | subsid = {{Unbulleted list | Bee Insurance Management Limited | MSV Life p.l.c. | Euromed Risk Solutions Limited | Church Wharf Properties Limited | homepage = | industry = Insurance | former_name = Middlesea Insurance (1981–2015)
Mapfre Middlesea plc (stylized as MAPFRE; previously Middlesea Insurance) is a Maltese insurance company headquartered in Floriana. It is a subsidiary of the Spanish multinational insurance company MAPFRE.
History
Middlesea Insurance registered in 1981 as the first insurance company transacting general business in Malta. The company added life insurance to its offerings in 1983. In 1994, it became the first local insurance company to be listed on the Malta Stock Exchange, and it was in that same year that Middlesea appointed its first Insurance Agency together with the foundation of Middlesea Valletta Life Assurance Co Ltd. (now MSV Life p.l.c.), a life insurance company, in partnership with Bank of Valletta.
In a desire to expand its operations, Middlesea Insurance plc acquired the Italian insurance company Progress Assicurazioni SpA in 2000, and opened an office in Gibraltar. Although positive results were initially recorded, the Italian subsidiary went on to produce negative figures in later years, leading to its closing down in 2010.
In 2011, Mapfre Internacional S.A. finalised the arrangements which led to its acquisition of Munich Re's 19.99% shareholding in Middlesea. Following this transaction, MAPFRE increased its aggregate shareholding in Middlesea to 50.98% of the issued share capital, thus acquiring a controlling interest in the company. Middlesea's traditionally blue colour scheme was replaced by MAPFRE's grey-red scheme.
Middlesea announced a group before-tax profit of €17.31 million for the year ending 2014.
In May 2015, Middlesea Insurance rebranded as MAPFRE Middlesea.
In July 2020, the company celebrated 40th anniversary.
In January 2022, MAPFRE Middlesea signed an agreement with The Malta Trust Foundation to support the Villa Bianca project, an art space for children and young people.
References
References
- https://www.middlesea.com/who-we-are/company-evolution.html "Company Evolution"
- (17 March 2010). "Middlesea's Progress affair 'a terrible experience'". The Times of Malta.
- (29 July 2011). "Mapfre buys 18.3 million Middlesea shares". The Times of Malta.
- (25 July 2012). "Middlesea registers €7.17 million profit for the first six months of 2012". The Times of Malta.
- (12 March 2015). "Middlesea Group registers €17.31 million profit before tax". The Times of Malta.
- https://middlesea.com/news-company-announcements/211.html "Mapfre Middlesea: A new corporate name"
- (9 July 2021). "MAPFRE Middlesea launches 40th anniversary celebrations".
- Giordimaina, Joseph. (2022-01-26). "MAPFRE sponsors music school for children with disability".
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