Seventy-six percent of the capital stock of Adisa Costa Rica, hitherto owned by Istmo Compañía de Reaseguros, has been purchased by Compañía Internacional de Seguros.
The remaining 24% of the shares of the company Aseguradora del Istmo S.A. remains in the hands of the Costa Rican cooperative Coopenae.
Istmo Compañía de Reaseguros, which until recently owned 76% of the shares of Adisa Costa Rica, wastaken over by the Superintendency of Insurance of Panamain December last year for not having the required assets, among other breaches.
In Panama the company Istmo Compañía de Reaseguros has been forced to liquidate due to "lack of commitment on the part of the company to correct the deficiencies" that led to this intervention.
From a statement issued by the Superintendency of Banks in Panama:
April 5, 2017.The Board of Directors of Insurance and Reinsurance in Panama ordered the forced liquidation of ISTMO COMPAÑÍA DE REASEGUROS, INC.. based on Law No. 63 of September 19, of 1996 through which reinsuranceoperationsand companies engaged in this activity are regulated, to Law No. 12 of April 3, 2012 law regulating insurance activities and other provisions.