A group of Panamanian businesses has bought a 100% stake worth $2 million in the insurance company "Nacional de Seguros"
The insurer began operating in Panama as "Premier de Seguros" in 2007, owned by a Venezuelan group with the same name.
The new owners clarify that, "the company now has no relationship whatsoever with the Venezuelan insurer Premier, which was placed in administration this year and liquidated due to lack of financial capability," reports Prensa.com.
Colombia's Grupo Sura has concluded the purchase of 100% of Seguros Banistmo and has started procedures in Panama to merge both companies.
From a statement issued by Grupo Sura:
In compliance with the duties of disclosure of relevant information, Grupo de Inversiones Suramericana SA informs that today its subsidiary Suramericana SA has completed the acquisition of 100% of the shares of Seguros Banistmo, SA, an insurance company organized and existing under the laws of the Republic of Panama, which belonged to Banistmo SA, a subsidiary of Bancolombia SA
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