HDI Seguros completed the acquisition of Sompo Seguros for $260m.

HDI Seguros, an insurance provider, completed the acquisition of Sompo Seguros, a insurance company funded in Santos, for $260m. “This acquisition in our core market Brazil strengthens our market position in some key regions in Brazil, especially in São Paulo, the country’s largest city, and diversifies our portfolio into Life Protection as well as gaining scale in Residential & Property. Furthermore, we are able to achieve significant synergies by combining Sompo´s retail business with our existing business in Brazil,” Nicolas Masjuan, HDI International Head of LATAM.