Mundial joins Swiss Life to provide insurance throughout Central America

Central America's leading insurer, Aseguradora Mundial signed an agreement with Swiss Life Network to broaden their cooperation in the region.

Friday, July 18, 2008


Aseguradora Mundial is the main specialized insurance unit of Panama-based Grupo Mundial. Swiss Life Network is a leader in the provision of insurance for employees.

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Pan-American Acquires Assets of ALICO in Panama and Costa Rica

November 2011

Through this acquisition, PALIG will increase its already considerable business in Panama and Costa Rica, while expanding its presence in the Caribbean.

In total, the businesses that PALIG are attempting to acquire represent over $125 million in premiums and $675 million in assets, according to 2010 figures.

Good Prospects for Insurance Companies

May 2012

A report by Fitch notes the momentum in the insurance sector in Central America and its growth potential.

From the report by Fitch Central America is entitled "Performance of Insurance Industry Central America: Well Positioned for Growth ":

The insurance industry in Central America managed to increase premium production by 12% compared to 2010, where Panama, Guatemala and Honduras recorded an above-average growth.

Seguros Assa to Enter Guatemala and Honduras

June 2012

Grupo Assa de Panamá plans to complete its presence in Central America by opening operations in Honduras and Guatemala.

Panama's Grupo Assa is currently doing business in Panama, Costa Rica, Nicaragua and El Salvador, and has recently, entered the insurance market in Colombia with 40% stake in Cardinal Seguros.

Costa Rica signs six deals with China

May 2008

Costa Rica signed six cooperation agreements with China during a visit to San José by the Chinese deputy prime minister, Hui Liangyu.

One of the major agreements was on cooperation in the development of water resources. China also granted a donation of US$10 million and 200 police patrol cars to aid Costa Rica's fight against crime.

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