The Antioqueño Business Group seeks to expand in Panama
Suramericana de Inversiones, from the Antioqueño Business Group, could increase its share participation in Interoceánica de Seguros, its competitor.
Tuesday, February 3, 2009
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. Their objective: competitors in Panama of their insurance agency, Suramericana de Inversiones.
"Interoceánica de Seguros", an insurance company, launched a new corporate identity, and is now called "Seguros Suramericana".
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.
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