Talanx Group Sells Ecuadorian Subsidiary to Grupo Financiero Atlántida
The Talanx Group, a prominent player in the global insurance market, has announced the sale of its Ecuadorian subsidiary, HDI Seguros S.A., to Grupo Financiero Atlántida, a well-established financial conglomerate based in Honduras. This strategic divestiture is poised to enhance the Retail International division’s focus on its more significant operations across Latin America.
Pending regulatory approval from the relevant supervisory authorities, the transaction is anticipated to reach completion in 2025. This move reflects Talanx’s commitment to consolidating its Latin American portfolio, allowing it to allocate resources more effectively to its primary markets in the region.
In terms of performance, HDI Seguros Ecuador reported an impressive gross premium volume of approximately $36 million (€35 million) for the fiscal year 2024. The company currently employs a dedicated workforce of 141 employees, contributing to its operational success.
It is noteworthy that HDI International AG acquired HDI Seguros S.A. from Liberty Seguros in 2024 as part of a broader strategic transaction. This deal also encompassed acquisitions in Brazil, Chile, and Colombia, with a combined gross premium volume reaching around €2 billion in 2023.
