trending Market Intelligence /marketintelligence/en/news-insights/trending/mTL7itoBgpIL32zBpI7CMg2 content esgSubNav
In This List

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

Blog

Anticipate the Unknown: Does Supply Chain Disruption Lead to Increased Credit Risk?

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Blog

Expand Your Perspective: Data & Distribution Q&A

Podcast

Street Talk | Episode 90: Banks should not wait on the Fed to put cash to work


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.