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February 11, 2016 4:47 AM ET

Insurance

Company Overview of Compañía de Seguros Generales Penta-Security S.A.

Company Overview

Compañía de Seguros Generales Penta-Security S.A. provides various insurance products for individuals and companies in Chile. The company offers automobile insurance products, as well as insurance products for aircrafts, boats, forestry, and transport risks; personal insurance policies against accidents, disability, and unemployment; fire, burglary, crystals, and remittance securities insurance products; assistance and security engineering insurance products; and banking integral, fisheries, severance, and warranty and loyalty insurance products. It also provides liability, work accidents, and directors and management insurance products; and guarantee and fidelity insurance products, as well...

Av. El Bosque Norte 0500

piso 10

Las Condes

Santiago de Chile,  

Chile

Founded in 1993

Phone:

56 2 339 0000

Fax:

56 2 339 0400

Key Executives for Compañía de Seguros Generales Penta-Security S.A.

Chief Executive Officer
General Accountant
Compensation as of Fiscal Year 2015.

Compañía de Seguros Generales Penta-Security S.A. Key Developments

Compañía de Seguros Generales Penta-Security S.A. Names Fernando Cámbara Lodigiani as CEO

Liberty Mutual Insurance has named Fernando Cámbara Lodigiani as CEO of its Chile operations following its acquisition of approximately 99.6% of Compañía de Seguros Generales Penta Security S.A.

International Insurers Reportedly Seeks To Acquire Penta Security

AXA Group (ENXTPA:CS), Liberty Mutual Holding Company Inc., Mutua Madrileña Automovilista, Sociedad de Seguros a Prima Fija and Grupo de Inversiones Suramericana S.A. (BVC:GRUPOSURA) are reportedly interested in acquiring Compania De Seguros Generales Penta Security S.A from Empresas Penta S.A. Penta reportedly has set up a data room to share the necessary information with the interested parties as part of the due diligence process.

Penta Security Director Resigns as Sii Opens Criminal Investigation

Hugo Bravo Lpez has resigned as director of Penta Security following the announcement of a criminal investigation for alleged tax-related offenses. Chile's tax agency SII filed the criminal complaint against Lpez, alleging that he illegally claimed tax reimbursements related to two businesses that he owns. Alfredo Moreno, foreign minister from 2010-14 under former president Sebastin Piera, was named as director of Penta Security.

Similar Private Companies By Industry

Company Name Region
Royal & Sun Alliance Seguros (Chile) SA Americas
Compañía de Seguros Confuturo S.A. Americas
Chilena Consolidada Seguros de Vida S.A. Americas
ING Chile S.A. Americas
Isapre Consalud S.A. Americas

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 13, 2015
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