Merger Between Subsidiaries
Grupo de Inversiones Suramericana S.A. (Grupo SURA) hereby informs that the Boards of Directors of Seguros de Vida Suramericana S.A. and Seguros de Riesgos Laborales Suramericana S.A, gave due authorization for their respective senior management teams to move forward with a merger whereby the former shall absorb the latter; this, for the purpose of securing a greater level of capital efficiency thanks to the complementary nature of the financial structures of both companies. Grupo SURA holds an indirect controlling ownership stake in the aforementioned companies, through its subsidiary Suramericana S.A. This merger shall not entail any change to the structures of each of the companies, nor to their respective management and service models. Suramericana´s occupational risk insurance business shall continue under ARL SURA trend mark with no service changes or disruptions whatsoever with regard to clients. The aforementioned merger remains subject to the corresponding legal proceedings being carried out, obtaining due authorization from the governing bodies of each of the companies involved as well as the final approval of the Colombian Superintendency of Finance. This decision will allow to further continue offering comprehensive assistance and engaging with SURA Colombia´s clients.