Insurance: Multinational Acquires Central American Company

Grupo Unity, a regional insurance broker in Central America, will be acquired by Willis Towers Watson, a company specializing in risk management and insurance brokerage.

Monday, December 23, 2019

According to a press release from Willis Towers Watson, the objective of the transaction " to increase the reach, scale and talent of Willis Towers Watson in the Latin American region, both for the Corporate Risk and Brokerage (CRB) segment, and for Human Capital and Benefits (HCB)." reviews that "... 'Grupo Unity's culture and strong commercial focus perfectly complements Willis Towers Watson and gives us a great benefit to be able to count on its operational infrastructure. Unity has a strong and dedicated management team that is committed and enthusiastic about joining Willis Towers Watson. Additionally, Unity Group has an impressive record of client retention," said Luis Maurette, Latin America leader at Willis Towers Watson."

Grupo Unity was founded in 1991 and is headquartered in Panama. It also operates in Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua, has more than 500 employees and has extensive experience in managing large risks.

Do you need more information about your business sector?

Request more information:

this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423

More on this topic

M&A in the Agrochemical Industry

September 2017

American Vanguard Corporation has announced the acquisition of Grupo Agricenter, dedicated to the production and commercialization of crop protection products in Central America.

From a  statement issued by Agricenter:

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--American Vanguard Corporation (NYSE:AVD) announced today that its wholly owned subsidiary AMVAC Netherlands BV, will acquire Grupo Agricenter to reinforce its commercial, technical and development structure in the Latin-American region. AMVAC has been a key player in the Latin American agricultural sector for more than a decade and has become a leader in the nematicides segment for crops such as banana and pineapple. The acquisition of Grupo Agricenter, a well-established distributor of multiple crop protection products in seven Central American and Caribbean countries, will considerably expand AMVAC’s product and service offerings in the region.

Grupo Sura Buys Panamanian Insurer

February 2015

The Colombian company signed an agreement to acquire the shares of Insurance Banistmo, whose participation in the Panamanian market is 8%.

From a statement issued by Grupo Sura:

Suramericana SA, a subsidiary of SURA Group which specializes in the industry for insurance, health and occupational hazards, signed a contract for the acquisition of Insurance Banistmo, which, once the relevant authorizations have been obtained, will allow the Company to consolidate its presence in the Central American market, adding this operation to Seguros SURA Panama.

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.

CAMMB Unifies Stock

July 2009

The Costa Rican stock broker purchased all preferred stock from former partner CLF CRC Latin America.

The company Central America Money Market (CAMMB) purchased the entire share of former partner CLF CRC Latin America, as the head office of CLF in Trinidad and Tobago was bailed out by the Trinidadian government.

 close (x)

Receive more news about Insurance

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Stock Indexes

(Apr 6)
Dow Jones
S&P 500


(Jan 21)
Brent Crude Oil
Coffee "C"