Suramericana buys Salvador’s Asesuisa in $101 million

Aseguradora Suiza Salvadoreña, the Salvadoran insurer known as Asesuisa, was acquired by Suramericana of Colombia.

The deal, sealed on February 5, gives Suramericana a 97 percent stake in Asesuisa for $101 million.

“This is part of a growth strategy,” said Asesuisa’s chief executive, Ricardo Cohen.

Original source (in Spanish): Prensa Libre