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.

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Related sectors of this article: Insurance
Geography: Mexico

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