MAPFRE joins Blue Marble consortium as sixth owner to expand climate resilience insurance in tenth anniversary year

MAPFRE joins Blue Marble consortium as sixth owner to expand climate resilience insurance in tenth anniversary year

(IN BRIEF) MAPFRE has joined Blue Marble as its newest owner, becoming part of a global insurance consortium now comprising six members: Aspen, Grupo ASSA, Marsh McLennan, TransRe, Zurich Insurance Group, and MAPFRE. The announcement coincides with Blue Marble’s tenth anniversary, marking a decade of innovation in parametric insurance solutions for underserved communities in emerging markets. Founded in 2015, Blue Marble has launched programs in 16 countries, reaching hundreds of thousands of farmers, SMEs, and workers vulnerable to climate change. With MAPFRE’s technical expertise and global presence, the consortium strengthens its ability to scale insurance access and close protection gaps while demonstrating that inclusive insurance can be both socially impactful and commercially viable.

(PRESS RELEASE) MADRID, 10-Sep-2025 — /EuropaWire/ — MAPFRE has become the newest owner of Blue Marble, joining the consortium of global insurance leaders as the InsurTech marks its tenth anniversary. With this investment, MAPFRE joins Aspen, Grupo ASSA, Marsh McLennan, TransRe, and Zurich Insurance Group, expanding the consortium to six members united by the mission of closing protection gaps for communities most exposed to climate risks.

Blue Marble was founded in 2015 to design and deliver parametric insurance solutions for underserved markets. Its proprietary technology platform enables continuous innovation, scalability, and wider access to insurance products that protect livelihoods against the mounting challenges of climate change. The organization collaborates with local insurers, development agencies, and private sector partners to bring coverage to farmers, SMEs, and workers in emerging economies.

“Joining Blue Marble is a natural extension of MAPFRE’s commitment to supporting communities facing the greatest climate risks,” said Miguel Rosa, CEO of MAPFRE RE and Board member of Blue Marble. “By combining our technical expertise and international presence with the consortium’s collaborative approach, we can deliver innovative insurance solutions where they are most urgently needed.”

Penny Seach, Chair of Blue Marble’s Board, welcomed MAPFRE’s arrival: “Blue Marble was established to unite global insurers around a shared vision of closing protection gaps. Bringing MAPFRE into the consortium broadens both our reach and our capabilities, helping set the stage for our next decade of growth and innovation.”

Blue Marble CEO Jaime de Piniés added: “Having MAPFRE join us during our tenth anniversary year is both symbolic and practical. Over the past decade, Blue Marble has shown that global insurers can work together to create inclusive, commercially sustainable products. With MAPFRE’s support, our ability to scale and deliver impact is even stronger.”

In its first ten years, Blue Marble has introduced and scaled insurance programs in 16 countries, providing climate resilience to hundreds of thousands of individuals. By offering first-of-their-kind parametric products, the consortium has demonstrated that public–private partnerships can bring protection to underserved groups while proving that social impact and commercial value can go hand in hand.

Media contact:

Javier Fernández
Group Head of Communication
javier.fernandez@mapfre.com
+34 649 42 31 88

SOURCE: MAPFRE