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Itaú CorpBanca merges insurance units

Shareholders of Itaú Chile Corredora De Seguros Limitada and CorpBanca Corredores de Seguros SA approved the merger between the companies, according to regulatory filings dated March 29.

The deal will see CorpBanca Corredores de Seguros absorb Itaú Chile Corredora De Seguros Limitada as part of the 2016 merger between CorpBanca and Banco Itaú Chile that resulted in the creation of Itaú CorpBanca.