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Interseguro Compañía de Seguros formalizes Seguros Sura merger

Lima-based Intercorp Financial Services Inc. formalized the acquisition of two of Sura Asset Management SA's Peruvian subsidiaries, according to a regulatory filing dated March 27.

Intercorp's deal to acquire 100% of Seguros Sura SA and Hipotecaria SURA Empresa Administradora Hipotecaria SA was announced in May last year. Peru's banking and insurance regulator approved the merger in October 2017 and gave the companies a six-month period to formalize the merger of Seguros Sura with Interseguro Compañía de Seguros SA.

Intercorp Financial is a subsidiary of Intercorp Perú Ltd.