Mutua Madrileña

Mutua Madrileña, S.A. also known as La Mutua, is a large Spanish insurance company founded in 1930 that provides life, automobile, health, and accident insurance, as well as pension and investment funds.

Mutua Madrileña, S.A.
TypeSociedad Anónima
IndustryInsurance
Founded1930 (1930)
Headquarters
Madrid
,
Spain
Key people
Ignacio Garralda Ruiz de Velasco (Chairman and CEO)
ProductsLife and non-life insurance, investment funds, pensions
Revenue €5.336 billion (2018)[1]
€530.643 million (2018)[1]
Total assets €12.035 billion (2018)[1]
Number of employees
 1,900 (2018)[1]
Websitewww.mutua.es

Products

Formula One sponsorship

From the 2006 Spanish Grand Prix, the company sponsored the Renault F1 team.[2] The Mutua Madrileña branding appeared on the race cars, drivers' suits and team clothing. This coincided with the company's new corporate image.

After the 2007 Formula One season, the company declared the move of the sponsorship from Renault F1 to McLaren-Mercedes with Fernando Alonso.

After the 2008 Formula One season, the company declared the move of the sponsorship[3] from McLaren-Mercedes back to Renault F1 with the return of Fernando Alonso to Renault.

During the 2009 Formula One season, Mutua Madrileña terminated its contract with Renault after the Renault Formula One crash controversy, in which Renault was found guilty of getting Nelson Piquet, Jr. to intentionally crash during the 2008 Singapore Grand Prix, to help Alonso to win the race. The company will continue to sponsor Alonso.[4]

See also

References
  1. "Annual Report 2018" (PDF). MUTUA. Retrieved 12 November 2020.
  2. "Renault gets a Spanish sponsor" April 20, 2005
  3. "Mutua Madrilena returns to Renault" February 21, 2008
  4. "Mutua Madrilena terminates Renault deal". Autosport. 2009-09-24. Retrieved 2009-09-24.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.