Articles - Swiss Re acquires stakes in Sul America


 Swiss Re has agreed to acquire an 11.1% stake in Sul América from ING Group and a 3.8% stake from members of the Larragoiti family for a total amount of approximately $334m. This confirms Swiss Re's commitment to Brazil, Latin America and high growth markets.

 SulAmérica is the largest independent insurance group in Brazil and a leading provider of health and auto insurance. In addition, the company also offers property, casualty, and life insurance as well as pension, asset management and premium savings bonds products.

 Swiss Re's Group CEO Michel M. Liès, comments "SulAmérica is a well-established and successful multi-line insurer in Brazil where we see attractive growth opportunities. We expect our investment in SulAmérica to benefit us not only financially, but also by increasing our proximity to and participation in the Brazilian market."

 Swiss Re's Group chief Strategy officer John R. Dacey adds "The investment in SulAmérica affirms Swiss Re's strategy to invest in leading insurance franchises in high growth markets."

 The transaction between ING and Swiss Re is conditional upon the closing of the restructuring of Sulasapar, the investment vehicle controlled by the Larragoiti family, as announced in February 2013, as well as customary regulatory approval. The transactions between Swiss Re and ING and between Swiss Re and the Larragoiti family are expected to close in the fourth quarter. Following closing of these transactions, Swiss Re will be the largest investor in SulAmérica after Sulasapar.

Back to Index


Similar News to this Story

How does QT feed into the DB pensions funding levels debate
Over the past three years, following 15 years of heavy deficits, defined benefit (DB) pension schemes have moved into surplus as government bond yield
August 2025 Edition of the Actuarial Post Magazine
Firstly, many congratulations to the Lionesses for winning EUFA Women’s Euro 2025 and a special mention to Lucy Bronze for playing with a broken leg,
The role of insurance in advancing nuclear energy
As the world accelerates its transition to low-carbon energy, nuclear power stands out as a reliable, carbon-free solution. Its ability to provide con

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.