Article: Colombia: insurance sector developments.

Colombia, Sep 28, 2001

AIG Vida grew its Colombian life insurance business 59.1% in the first half of the year 2001 (in the whole of 2000, its business rose 149%). In terms of personal accident business, the firm posted 21.8% growth. Megabanco shareholders have approved an authorised capital increase from Pesos$20bil to Pesos$98bil. Megabanco is to carry out a five-year bond issue for Pesos$84bil. Additionally, Colombia's Superintendencia Bancaria is studying ...

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