Hyperion Seeks Further Acquisitions To Boost Reinsurance Operations

News: UK-based Hyperion Insurance is seeking opportunities for more acquisitions in Latin America with major focus on Mexico in a bid to build a retail platform to boost reinsurance operations, reports Business News Americas, citing CEO David Howden. The move follows acquisitions of two Colombian insurance brokers, Wacolda and Proseguros, for US$10mn in early February. The region is considered to be an attractive market for insurance brokers as premiums are growing at a faster rate than GDP, despite a slowdown in economic growth, added Howden.

This article is tagged to:
Related sectors of this article: Insurance
Geography: Mexico

Access all of our latest analysis, data and forecasts - request a trial