Talanx sells its Ecuadorian subsidiary to Grupo Financiero Atlántida
Τρίτη, 25 Φεβρουαρίου 2025 13:41- HDI Seguros S.A. in Ecuador sold to Grupo Financiero Atlántida
- Focus on profitable growth in large markets in line with the Group's strategy
The sale enables the Retail International division to consolidate its portfolio in Latin America and focus on its largest operations in the region.
HDI Seguros Ecuador generated a gross premium volume of USD $36 million (EUR 35 million) with 141 employees in 2024. HDI International AG acquired the company from Liberty Seguros in 2024 as part of a larger transaction in which it also bought entities in Brazil, Chile and Colombia with a total gross premium volume of around EUR 2 billion (2023).
The transaction is expected to close in 2025 and is subject to approval by the relevant supervisory authorities. The parties have agreed not to disclose details of the selling price.
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