Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Colombian Insurer Seguros Colpatria Said to Seek Buyers

Seguros Colpatria SA, a Colombian insurance provider, is weighing a sale that may fetch $500 million, said people familiar with the matter.

Seguros Colpatria, which provides fire, earthquake, liability and other types of coverage, engaged Zurich-based UBS AG to seek a buyer, according to the people, who asked not to be named because the matter is private. Companies including Ace Ltd., Prudential Financial Inc. and MetLife Inc. may be interested, said the people.

The potential sale comes as diversified insurance firms in the U.S. and Europe seek acquisitions in developing regions such as Latin America to help make up for slowing growth at home. Ace, based in Zurich, this year acquired Mexican insurance assets from Ally Financial Inc., while MetLife agreed in February to buy a Chilean pension manager from Banco Bilbao Vizcaya Argentaria SA.

Officials at Bogota-based Seguros Colpatria didn’t respond to requests for comment. Spokesmen at UBS, Ace and Newark, New Jersey-based Prudential declined to comment, while a representative for New York-based MetLife didn’t respond to requests for comment.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.