Seguros Equinoccial has reached an agreement to acquire a majority shareholding in Compañía de Seguros Ecuatoriano Suiza, with a view to a future merger of both companies. This transaction will create the largest insurance company in Ecuador in terms of premiums issued. The current shareholders of Ecuatoriano Suiza will retain a stake in the merged company, and its majority shareholders will be part of the Board of Directors, contributing their knowledge, experience, and reputation. This transaction is subject to regulatory approval.
Seguros Equinoccial and Ecuatoriano Suiza have built a history of success, leadership, and commitment to integrity. This decision reflects a shared vision for the future that aims to harness the best of both companies to generate and create new opportunities for growth and expansion for the benefit of all our clients and stakeholders.
Our commitment to our clients, brokers, business partners, and all actors in the value chain is our primary motivation. For our clients, this merger represents an insurance company that, by combining experience, innovation, and a nationwide presence, will be in an even stronger position to provide support, agile solutions, and cutting-edge services in the sector. For our brokers and partners, it enhances access to a broader, more robust network with greater capacities and resources.
While regulatory authorities approve the transaction, both Seguros Equinoccial and Ecuatoriano Suiza will continue to operate independently. We will continue to provide our services with the same level of responsibility, agility, and commitment that characterizes us.
We look to the future with enthusiasm, knowing that this operation will allow us to keep building, innovating, and offering the best for our clients and stakeholders. The road ahead is full of opportunities, and we are excited to walk it alongside you, ensuring Ecuador from north to south.
Sincerely,
