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Corporación Actinver signs sales agreement with Mapfre

Mexico's Corporación Actinver SAB de CV signed a bancassurance agreement with Spain-based insurer Mapfre SA that will allow the latter to sell its products in Mexico through Actinver's sales channels.

In addition to an initial amount tied to the agreement, Actinver will receive commissions from the sale of Mapfre products through the relationship. The company will get 50% of the net amount sold through its channels, as well as subsequent payments of a 10-year period tied to results.

Final terms of the distribution agreement will be announced once the final contracts are signed, Actinver said.