Team McLaren Mercedes and Spanish insurance group Mutua Madrileña have announced a long-term partnership. Mutua Madrileña will become Corporate Partner to the team as of 1st January 2006.

Mutua Madrileña is a mutual-profit insurance company based in Madrid, Spain. Founded in 1930, it has more than 2,200,000 policies in force, divided among the different areas in which it does business; car insurances, life insurances, accidents, motorbike insurances and health insurances.

"We are excited to join the Team McLaren Mercedes family as the only Spanish insurance company involved in Formula 1," said Jose Maria Ramirez Pomatta, President of Mutua Madrileña. "This Partnership reaffirms Mutua Madrileña´s belief in creating alliances with companies which are leaders in their respective fields like Team McLaren Mercedes. Team McLaren Mercedes and Mutua Madrileña subscribe to the same beliefs and values and I'm looking forward to a successful partnership."

"We are pleased to welcome Mutua Madrileña to our prestigious Partner portfolio," said Ron Dennis, Chairman and CEO of the McLaren Group." "Mutua Madrileña will be the first Spanish based company to join our partner group and, like two-times Formula 1 World Champion Fernando Alonso, they believe in the future of our team. Like McLaren, Mutua Madrileña has a desire to be the best and together we look forward to challenging for Championships."

Mutua Madrileña branding will be located on the front wing endplates of the team's 2007 challenger, the MP4-22, on the sleeve of the Vodafone McLaren Mercedes drivers as well as their helmets. The Mutua Madrileña branding will be revealed for the first time at the presentation of the Vodafone McLaren Mercedes team in Valencia, Spain from 14th – 16th January 2007.