MAPFRE CEO Joins Blue Marble's Board to Scale Climate Solutions
MAPFRE RE CEO Miguel Rosa is set to join Blue Marble's board. This move aims to scale innovative solutions to areas most vulnerable to climate change. The collaboration comes as MAPFRE invests in Blue Marble, joining a consortium to provide insurance to communities affected by climate change.
Blue Marble, founded in 1979 by Jaime de Piniés, the former Spanish ambassador to the United Nations, specializes in parametric insurance tools for emerging markets. It has introduced programmes across 16 countries, bolstering climate resilience for smallholder farmers, laborers, and SMEs in Africa, Asia, and Latin America.
The consortium, which includes Aspen, Grupo ASSA, Marsh McLennan, TransRe, and Zurich Insurance Group, works with stakeholders to mitigate climate change impacts on vulnerable livelihoods. MAPFRE's investment is a significant milestone for Blue Marble in its tenth anniversary year, fortifying its ability to scale innovations and close protection gaps.
MAPFRE's collaboration with Blue Marble, through its investment and CEO Miguel Rosa's board membership, will enhance the consortium's efforts to provide insurance solutions to communities most at risk from climate change. This partnership follows MAPFRE Re's agreement with ICEYE in July to license flood insights data, further strengthening its response to flood events.
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