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04-07-2018
Acquisition of operations for a total price of 409 million US dollars. It already has the approval of the Superintendency of National Insurance
Zurich Argentina integrates the activity of QBE Seguros La Buenos Aires and becomes leader in the insurance industry in Argentina in the sector of goods and accidents (P & C) with about 8, 4% market share and the third "We have entered a new stage as the leading insurer in our strategy, with significant scope and commitment. transforming the industry so that more and more customers consider insurance as one of the most important investment decisions they must make, "said Fabio Rossi, CEO of Zurich in Argentina.
"We add talents and capabilities that complement and enhance our value proposition to customers and business partners.This integration reinforces our values of experience, solidity and trust, and we are pleased to welcome our partners, customers and business partners. "
The acquired operations complement the existing Zurich activities in Argentina and add additional distribution capabilities and products, particularly among small and medium-sized businesses.
Thus, the Swiss company gains positions on the local market . In February, Zurich Insurance Group (Zurich) announced an acquisition agreement for the activities of Australia's QBE Insurance Group Limited (QBE) in Latin America.
With this operation, in addition to positioning itself as a leader in Argentina, it has reached a larger scale. in Brazil, Colombia and Mexico and becomes the third largest insurer in Ecuador. It is expected that this operation will greatly exceed Zurich's critical return rates by 10% return on investment the first year after the end of the operation.
Zurich is close to 53,000 employees worldwide and a broad range of life and property insurance products and services in more than 210 countries and territories.
In Argentina, he has been present since 1964 and has his own offices in various cities. from the interior of the country (Bahía Blanca, Córdoba, La Plata, Mar del Plata, Mendoza, Rosario, Salta, Neuquén, Posadas and Tucumán). In addition, it has a network of independent advisors integrated by more than 2,000 professionals and has more than 1,000 employees.
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