Intercorp Financial has acquired Seguros Sura and Hipotecaria Sura Empresa Administradora Hipotecaria for $268m from Sura Asset Management and Grupo Wiese.

Intercorp Financial has acquired Seguros Sura, life insurance company and Hipotecaria Sura Empresa Administradora Hipotecaria, real estate loans provider for $268m from Sura Asset Management and Grupo Wiese. The transaction will enable IFS to strengthen its position in the annuities and the individual life insurance market to consolidate itself as a leading diversified financial services company in Peru.