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In June 2008, The Commerce Group, Inc. was acquired by Mapfre S.A. Mapfre, based in Madrid, was founded in 1933 as a landowners' co-operative; it is now a public company and the largest insurance group in Latin America with a presence in 43 countries, and about 51,000 agents worldwide.
Mapfre, S.A. (Spanish pronunciation:, officially typeset MAPFRE) is a Spanish multinational insurance company, based in Majadahonda, Madrid.The name comes from the old mutual origin of the company (Mutualidad de la Agrupación de Propietarios de Fincas Rústicas de España), but the company now only refers to itself as Mapfre.
Torre Mapfre is a skyscraper in the Port Olímpic (Olympic Port), the maritime neighborhood of the Old City of Barcelona in Spain. It is named after its owner, Mapfre , an insurance company.