MAPFRE RE and CyberCube Join Forces to Enhance Cyber Risk Management and Growth in New Markets

MAPFRE RE and CyberCube have joined forces through a three-year agreement for the reinsurer to license CyberCube’s suite of solutions. This partnership underscores MAPFRE RE’s commitment to advancing its cyber risk management capabilities.

As part of this strategic collaboration, MAPFRE RE has licensed CyberCube’s suite of products, including its cyber accumulation solution. 

A key objective of this partnership is to strengthen MAPFRE RE’s position in this line of business, leveraging CyberCube’s tools and expertise to tap into the growing cyber insurance demand. 

The decision to partner with CyberCube aligns with both companies’ commitment to employ the best capabilities and services to achieve accurate and high-value results in the Cyber space for the industry, companies, and clients. 

Oscar Taboada, Head of Cyber at MAPFRE RE, said: “At MAPFRE RE, we are committed to equipping ourselves with the most updated tools and solutions to address the evolving challenges of cyber risk. 

“CyberCube’s solutions will enhance our ability to manage cyber accumulations effectively and expand our footprint in different markets. We are excited to embark on this long-term partnership and look forward to mutual success.”

Juan Marcano, Principal Alternative Risk Transfer, at CyberCube, said: “MAPFRE RE chose CyberCube due to our knowledge, experience and unparalleled cyber expertise that positioned us as the ideal partner for its accumulation management objectives. 

“Our comprehensive suite of solutions and services were aligned with MAPFRE RE needs. We are delighted to support its ambitious plans for growth and innovation in the cyber insurance space.”

This collaboration aligns with both companies’ vision to foster innovation and growth in the global cyber insurance market.