Mapfre has strengthened its partnership with Renault Sport Formula One, becoming one of the team’s main sponsors for the next five seasons.
The Spanish insurance company made the decision following a ‘positive first year of collaboration’.
In a meeting between Antonio Huertas, the chairman and CEO of Mapfre, and Renault chairman and CEO Carlos Ghosn, the two companies agreed to collaborate and explore additional mobility solutions and services linked to the role of insurance in the future of the automotive industry.
"This agreement with Groupe Renault will allow us to further promote the Mapfre brand and its values worldwide," explained Huertas. “Formula 1 is not just a competitive sport - it is also a testing ground for technological research that can then be expanded to society as a whole. This philosophy fits perfectly with our strategic position for the future.”
The Mapfre brand will appear prominently on the nose and sides of both Renault F1 vehicles, as well as on the uniforms and helmets of Spanish driver Carlos Sainz and German driver Nico Hülkenberg.