BUSTAMANTE FABARA is proud to announce its role in advising Talanx Group’s retail international division, HDI International, on its successful acquisition of Liberty Seguros in Chile, Colombia, and Ecuador. The deal, valued at €1.38 billion, marks a significant milestone in the expansion of Talanx Group, positioning it as the second-largest property and casualty insurer in Latin America. This strategic acquisition is set to significantly enhance HDI’s footprint in the region. “We are delighted to support HDI International in this landmark transaction, which is poised to reshape the insurance landscape in Latin America,” said José Rafael Bustamante Crespo, Partner at BUSTAMANTE FABARA.
The acquisition reflects HDI’s commitment to growing its international presence and strengthening its portfolio. With this move, HDI International is expected to increase its premium volume by more than €600 million in Chile, Colombia, and Ecuador alone, based on the results for the full 2022 financial year. This growth is anticipated to contribute to an overall annual premium income increase of around €1.7 billion for HDI, following the integration of the acquisition in Brazil that was completed in November.The transaction, which officially closed on March 1, 2023, demonstrates the strength and potential of HDI’s strategic investment in Latin America.
BUSTAMANTE FABARA´s advisory team, led by José Rafael Bustamante Crespo, Kirina González, and Valentina Morillo, among others, played a crucial role in ensuring the seamless completion of this complex cross-border transaction.