Proventus successfully advised HDI International AG on the sale of its Ecuadorian subsidiary, HDI Seguros Ecuador S.A., to Grupo Financiero Atlántida, marking a strategic entry into the Ecuadorian insurance market.

Target Information

Proventus served as the exclusive financial advisor to HDI International AG during the sale of its Ecuadorian subsidiary, HDI Seguros Ecuador S.A. (formerly Liberty Seguros S.A.), to Grupo Financiero Atlántida. The transaction was successfully completed in June 2025, following the receipt of the necessary regulatory approvals. This transaction signifies a strategic decision for both parties and marks a significant milestone in the development of the insurance sector in Ecuador.

Industry Overview in Ecuador

Ecuador's insurance market is undergoing a notable transformation characterized by consolidation and regulatory changes. This evolving landscape has opened the door for financial groups to actively re-enter the insurance sector, a trend anticipated to continue in the coming years as the market remains fragmented. Companies that demonstrate strong technical management, scalability, efficiency, and high service standards will continue to be highly valued.

With its fragmented nature, the market presents both challenges and opportunities for insurers. As regulations adapt to modern financial practices, there is an increasing expectation for companies to