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by David Ramirez Suramericana S.A., the largest insurer in Colombia and Central America, has just achieved a significant milestone after acquiring the Latin American assets of UK-based RSA Insurance Group. Once approved by regulators in the course of 2016, the $614 million transaction will turn the 70-year old, Medellin-based insurer into a larger multilatina, with over $3.3 billion in premiums (as of end-2014) diversified into property, health, life, automotives and other risks, with nearly 14,000 employees, and presence in Argentina, Brazil, Chile, Colombia, Dominican Republic, El Salvador, Mexico, Panama and Uruguay. To understand more about the rationale and implications of […]
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