El Salvador’s antitrust watchdog (SC) has given its blessing for holding group Perinversiones to purchase local insurer Aseguradora Vivir, having decided the acquisition would not generate anti-competitive effects in the banking and insurance markets.
The request to review market concentration, presented on December 13, 2019, was made pursuant to regulatory approval for the deal, and with the SC ruling in favor, Aseguradora Vivir will become part of Perinversiones, a group that owns the savings and loan firm Constelación and Banco Abank.
Aseguradora Vivir ventured into El Salvador at the hands of Grupo Zablah and is a regional extension of the Dominican Republic-based Grupo Humano, which is formed by Primera ARS, Humano Seguros and Seguros Vivir.
Full Content: BNA Americas
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