MAPFRE Insurance Executive and Leadership Team

June, 2026

Leadership Overview

MAPFRE Insurance has 4 executives leading key functions including strategy, finance, human resources, and business development.

Driven by a commitment to comprehensive coverage, MAPFRE Insurance provides personal, commercial property, and casualty insurance solutions internationally, upholding a philosophy of accessible and reliable financial protection for its clients.

Leadership Roles at MAPFRE Insurance

  • Chief Executive Officer - Geraldmarilyn Fels
  • Chief Financial Officer & Executive Vice President - Mark Sanderford
  • Assistant VP, Business Development - Richard Staten
  • Jefe De R. R. G. G. - Walter Basurco
  • Geraldmarilyn Fels - Chief Executive Officer

    Geraldmarilyn Fels, the Chief Executive Officer at MAPFRE Insurance, directs the overarching corporate strategy and operational execution. Overseeing all business units, Fels ensures alignment with the company's mission of providing robust personal, commercial property, and casualty insurance solutions. This leadership role involves navigating the complex international insurance landscape, driving growth initiatives, and maintaining the company's financial health and market position. By fostering a culture of innovation and client-centricity, Geraldmarilyn Fels guides the organization toward sustained success and expanded global reach. The Chief Executive Officer's purview encompasses strategic partnerships and long-term planning, ensuring MAPFRE Insurance remains a trusted provider of insurance services worldwide. Fels's strategic vision shapes the company's response to evolving market demands and regulatory environments, solidifying its reputation for reliability and comprehensive coverage.

    Mark Sanderford - Chief Financial Officer & Executive Vice President

    Mark Sanderford, the Chief Financial Officer & Executive Vice President at MAPFRE Insurance, manages all financial operations and fiscal strategy. Sanderford oversees budgeting, financial planning, risk management, and investment activities, ensuring the company's fiscal stability and profitability. This critical role involves close collaboration with the Chief Executive Officer and other senior leaders to support strategic decision-making and resource allocation across international markets. By meticulously analyzing financial data and market trends, Mark Sanderford drives initiatives to optimize financial performance and enhance shareholder value. The Chief Financial Officer & Executive Vice President's responsibilities extend to compliance with financial regulations and reporting standards across all operating regions. Sanderford's expertise ensures MAPFRE Insurance maintains a strong financial foundation, enabling continued expansion and service excellence in the personal, commercial property, and casualty insurance sectors.

    Richard Staten - Assistant VP, Business Development

    Richard Staten, the Assistant VP, Business Development at MAPFRE Insurance, spearheads initiatives to expand market reach and cultivate new business opportunities. Staten focuses on identifying strategic partnerships, exploring new product lines, and enhancing distribution channels for the company's personal, commercial property, and casualty insurance offerings. This role is crucial for driving revenue growth and increasing MAPFRE Insurance's footprint in both existing and emerging international markets. By analyzing market dynamics and client needs, Richard Staten develops and executes targeted business development strategies. The Assistant VP, Business Development's efforts are instrumental in strengthening the company's competitive position and achieving its long-term expansion goals. Staten's proactive approach ensures MAPFRE Insurance remains agile and responsive to evolving industry demands.

    Walter Basurco - Jefe De R. R. G. G.

    Walter Basurco, the Jefe De R. R. G. G. at MAPFRE Insurance, leads the human resources and talent management functions. Basurco is responsible for developing and implementing strategies related to employee relations, recruitment, compensation, and benefits across the organization's international operations. This position ensures that MAPFRE Insurance attracts, retains, and develops a high-performing workforce capable of supporting the company's growth objectives in personal, commercial property, and casualty insurance. By fostering a positive and productive work environment, Walter Basurco contributes directly to operational efficiency and employee engagement. The Jefe De R. R. G. G.'s strategic focus includes aligning HR policies with the company's overall business goals and international presence. Basurco's leadership in human capital management is vital for sustaining MAPFRE Insurance's competitive edge and commitment to its employees.

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    Frequently Asked Questions Regarding MAPFRE Insurance Top Executives and Leadership Team

    Who leads MAPFRE Insurance?
    MAPFRE Insurance is led by Geraldmarilyn Fels (Chief Executive Officer), along with executives such as Mark Sanderford (Chief Financial Officer & Executive Vice President) and Richard Staten (Assistant VP, Business Development).
    Who is part of MAPFRE Insurance’s executive team?
    The executive team of MAPFRE Insurance includes leaders such as Geraldmarilyn Fels (Chief Executive Officer), Mark Sanderford (Chief Financial Officer & Executive Vice President), Richard Staten (Assistant VP, Business Development) and other senior executives.
    How many executives does MAPFRE Insurance have?
    MAPFRE Insurance has 4 executives leading key business areas.
    What roles are included in MAPFRE Insurance’s leadership team?
    The leadership team of MAPFRE Insurance includes roles such as Chief Executive Officer, Chief Financial Officer & Executive Vice President, Assistant VP, Business Development, Jefe De R. R. G. G..