Suramericana S.A. (Seguros SURA) is named the Best Latin American Insurance Company for the third straight year
This recognition comes as a welcome addition to the previous two awards obtained over the last two years from Reactions, a specialized insurance journal published in the UK by the Euromoney group. Every year, the Reactions´ Latin American Awards recognize the best insurance and reinsurance companies within the region. The actual award ceremony formed part of the IV Annual Latin American Insurance and Reinsurance Forum that was held in Miami. Suramericana S.A.'s acquisition of the RSA operations in Latin America was considered the "Best Business of the Year" and its Chief Executive Officer, Gonzalo Perez, "Best CEO of the Year" Medellin. May 20, 2016 Yesterday, Suramericana S.A., a subsidiary of Grupo SURA specializing in insurance solutions as well as trend and risk management, was named by the prestigious British insurance journal, Reactions, published by the Euromoney Group as the "Best Insurance Company in Latin America." Another three other awards were also received in token of the Company´s firm commitment to the region´s insurance industry, these being "the Andean Insurance Company of the year"; "Business of the Year" for the acquisition of RSA´s Latin American operations, as well as "CEO of the Year" received by Gonzalo Alberto Perez. For this year´s awards, Reactions put together a panel of renowned analysts pertaining to the insurance industry, and after a rigorous examination lasting three months the companies with the best practices and sound management and sustainable business techniques were declared the winners.. The award ceremony was held at the Ritz-Carlton Resort in Miami, where discussions were held regarding the insurance industry at a seminar organized by Reactions and Euromoney. "We are very proud to have received these awards from the British journal Reactions, specializing in the global insurance industry. Receiving this distinction for the third time, from amongst more than 800 insurance groups in Latin America, comes as a valuable recognition of the new assurance, trends and risk approach to our own industry so as to make our clients more competitive and sustainable " stated Gonzalo Alberto Pérez, Chief Executive Officer of Suramericana S.A., more commonly known as Seguros SURA. The Company is currently in the process of completing the acquisition of RSA's operating in Latin America. At the present time only Uruguay remains pending, since the corresponding regulatory authorizations have already been issued in Brazil, Colombia, Chile, Argentina and Mexico About Suramericana S.A. With over 70 years of experience, Suramericana S.A. is the leading insurance and trend/risk management company in Colombia and Central America, with a total of 10 million clients. It recently signed an agreement to acquire RSA´s operations in Latin America, through which it shall obtain another 5.6 million clients in Mexico, Chile, Argentina, Brazil, Uruguay and Colombia. This Company, whose shareholders are Grupo SURA (with a 81.1% stake) as well as the German reinsurance firm, Munich Re (with the remaining 18.9%) provides its clients with the SURA brand of property and casualty, life as well as workers´ compensation insurance as well as mandatory and complementary health plans, among others.