Grupo Sura

Grupo de Inversiones Suramericana is a multilatin company founded in 1945 in Colombia, which is listed on the Colombia Stock Exchange (BVC) and is enrolled in the ADR – Level I program in the United States. It is also the only Latin American entity in the sector Financial Services and Capital Markets, that is part of the Dow Jones Sustainability Indices.

Grupo SURA
IndustryFinancial Services
Founded1945
HeadquartersMedellin, Colombia
Key people
Gonzalo Alberto Pérez, CEO
ProductsInsurance
Pensions
Savings
Investments
Universal banking
Revenue USD 6,323 million (2016)
USD 557 million (2016)
Total assets USD 22,600 million (2016)
Number of employees
59,000
Websitegruposura.com

The main companies that make up the investment portfolio of Grupo Sura are grouped as follows: Strategic investments: are the main focus of the management of Grupo Sura and are companies that are in the sectors of banking, insurance, pensions, savings and investment, as is the case of its subsidiaries – specialized in insurance, trends and risks-, and asset management – in the pension, savings and investment industry. Also in this category is Grupo Bancolombia, an uncontrolled company and one of the most important investments in the portfolio.

Industrial investments: constituted mainly by the participations that are held in Grupo Nutresa and Grupo Argos, companies that develop their activity in the sectors of processed foods, cement, energy and infrastructure.

History

In July 2011, Grupo Sura acquired the divestments from the ING Group in Latin America for US$3.85 billion.[1] With the acquisition, Grupo Sura gained control of ING's pension and voluntary savings businesses in Chile, Colombia, Mexico, Uruguay and ING's 80% stake in AFP Integra S.A. in Peru; the life insurance businesses in Chile and Peru; including ING's 33.7% stake in InVita Seguros de Vida S.A. in Peru, along with the local investment management capabilities in those countries.[2]

In September 2015, Grupo Sura purchased RSA's Latin American operations for £ 403 Million.[3] With the acquisition, Grupo Sura entered the Argentinian, Brazilian, and Uruguayan insurance markets, and enlarged their operations in Colombia, Chile, and Mexico.

References
  1. "ING sells Latin American insurance operations". The Globe and Mail. Toronto. 25 July 2011.
  2. ING to sell Insurance Latam to Grupo Sura for 2.7 bln
  3. "RSA sells Latin American assets to Sura". Financial Times. Retrieved 29 October 2015.
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