"Seguros Suramericana" Presented in Panama

"Interoceánica de Seguros", an insurance company, launched a new corporate identity, and is now called "Seguros Suramericana".

Thursday, August 13, 2009


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"Interoceánica de Seguros" has been a property of Colombian group "Grupo de Inversiones Suramericana" for the past 11 years.

"The insurer's strengths in Panama are the vehicle and life insurance markets, with a 11.9% and 6.9% share respectively", said Salvador Morales Baca, general manager of Seguros Suramericana in Panama.

More on this topic

The Antioqueño Business Group seeks to expand in Panama

February 2009

Suramericana de Inversiones, from the Antioqueño Business Group, could increase its share participation in Interoceánica de Seguros, its competitor.

AmericaEconomica.com reports on its website: "The biggest industrial conglomerate in Colombia, the Antioqueño Business Group, has decided to deal with the international crisis by making acquisitions.

Interoceánica says auto insurance sales up 85 percent

June 2008

Panama's Interoceánica de Seguros reports that its auto insurance sales have increased by 85 percent so far this year compared with the same period of 2007.

Salvador Morales Baca, the company's general manager, said auto insurance was a risky though profitable business.

El Salvador: Suramericana authorized to buy Asesuisa

October 2012

The Superintendency of the Financial System in El Salvador (SSF), has authorized the company Suramericana SA to buy insurer Aseguradora Suiza Salvadoreña S.A. (Asesuisa).

The purchase of the leading insurer Aseguradora Suiza Salvadoreña S.A. by Suramericana SA was announced last year in 2011, but has been awaiting authorization from the competent authorities.

Qualitas Insurance Subsidiary Increases Stake in El Salvador

July 2011

Qualitas, the Mexican insurer, has increased to 100% its participation in the Salvadoran Qualitas Insurance Company.

The company made the announcement of the purchase via a press release without disclosing the amount of the transaction.

"This will benefit both sides, as it will start up a business relationship in the different countries where Quálitas operates," it said in the note.

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