Mapfre Sells Aseguradora Mundial in El Salvador

©image: Aseguradora Mundial El Salvador

The establishment in 2009 of holding company Mapfre La Centroamericana, whose stock is owned 65% by Mapfre Mundial Holding, joined regional operations with Panamanian Aseguradora Mundial.

Since they already had their own business (Mapfre La Centroamericana), consolidation of operations involved the sale of Aseguradora Mundial S.A.- Personal Insurance, which had losses of $ 247,000 at the end of June 2010.

Other Aseguradora Mundial companies in the region will remain operating as part of the Mapfre La Centroamericana holding.

Sources: Fitch Central America and Elsalvador.com.

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