Talanx Divests HDI Seguros Ecuador to Grupo Financiero Atlántida
Deal News | Feb 25, 2025 | Re-Insurance News
Talanx Group's Retail International division is divesting its Ecuadorian subsidiary, HDI Seguros S.A., by selling it to Grupo Financiero Atlántida, a financial conglomerate based in Honduras. This transaction is expected to close in 2025, subject to regulatory approval. The strategic sale is part of Talanx's initiative to consolidate its operations and focus on its largest markets within Latin America. HDI Seguros Ecuador, which posted gross premiums of $36 million in 2024, was previously acquired by HDI International AG from Liberty Seguros alongside other entities in Brazil, Chile, and Colombia with a combined gross premium of approximately $2 billion.
Sectors
- Insurance
- Financial Services
Geography
- Ecuador – The location of the company being sold, HDI Seguros.
- Honduras – The base of the acquiring company, Grupo Financiero Atlántida.
- Latin America – The regional focus of the transaction and Talanx's strategy, encompassing multiple Latin American markets.
Industry
- Insurance – The article involves the sale of an insurance company, HDI Seguros, which operates within the insurance industry.
- Financial Services – Grupo Financiero Atlántida, the acquiring entity, is a financial conglomerate, thereby involving the financial services industry.
Financials
- 36 million – The gross premiums reported by HDI Seguros Ecuador for 2024.
- 2 billion – The approximate total gross premium volume from HDI International AG's acquisition of companies in Brazil, Chile, and Colombia in 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Talanx Group | Selling Company | Company | A major insurance group facilitating the sale of its subsidiary. |
| HDI Seguros S.A. | Target Company | Company | An Ecuadorian insurance subsidiary being sold. |
| Grupo Financiero Atlántida | Bidding/Buying Company | Company | A financial conglomerate based in Honduras acquiring HDI Seguros Ecuador. |
| Liberty Seguros | Vendor to HDI International AG | Company | The former owner of HDI Seguros Ecuador before selling to HDI International AG. |