Fidelidade has signed an agreement to acquire a 51% stake in La Positiva Seguros, marking its strategic entry into the Latin American insurance market.

Target Information

Fidelidade Companhia de Seguros, a leading insurance company based in Portugal, has signed an agreement to acquire a 51% stake in La Positiva Seguros y Reaseguros, one of the largest insurance groups in Peru. This acquisition represents a strategic milestone for Fidelidade as it expands its presence into the Latin American market. La Positiva Seguros has established itself as a key player in Peru's insurance sector, boasting an 11% market share, over 4.3 million insured clients, and consolidated premiums exceeding 500 million USD.

With 80 years of experience, La Positiva offers a comprehensive range of insurance services including life and general insurance to individuals and businesses. The group also has operational footprints in Bolivia, Paraguay, and Nicaragua, positioning itself as a robust player in the regional insurance landscape.

Industry Overview in Peru

Peru's insurance industry has been characterized by steady growth and evolving regulatory frameworks aimed at increasing competition and enhancing consumer protection. As of 2018, the industry has shown resilience against