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Sura finalizes purchase of RSA Seguros Chile; president named as director

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Sura finalizes purchase of RSA Seguros Chile; president named as director

completed onApril 29 its acquisition of RSASeguros Chile SA from U.K.-based RSA Insurance Group Plc after obtaining local regulatoryapproval earlier inthe month, RSA Seguros said in a securities filing.

Accordingto the filing, Suramericana purchased 5,836,010 shares in RSA Seguros Chile,equivalent to 99.482% of the company's total shares, from The Globe InsuranceCo. Ltd., Royal International Insurance Holdings Ltd. and RSA Manx Holdings Ltd.

Inaddition, RSA Seguros Chile and RSA Seguros de Vida SA said in separate filings thatdirector Alejandro Nino resigned on April 29 and the board named Suramericanapresident Gonzalo Alberto Pérez Rojas to replace him.

Suramericanais a unit of Colombia's Grupo deInversiones Suramericana SA.

RSAreached an agreementto sell its Latin American operations to Sura in September 2015.