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Colombia’s President Ivan Duque Márquez announced late last night that even though municipal curfews were due to expire Tuesday morning, the national government has declared a national 24 hour curfew beginning Tuesday at midnight until midnight, April 13 in order to retard the...

Despite travel fears, ColCapital's Private Equity Congress of The Pacific Alliance was at capacity attendance last week, taking place in Bogotá's Club El Nogal.

Korean Reinsurance Company has obtained approval from Colombian regulators to open a representative office in Bogota.

AM Best is maintaining its stable market segment outlook on Colombia’s insurance industry, citing Colombia’s favorable economy, strong capital positions among carriers and adequate regulation. The new Best’s Market Segment Report, titled, “Market Segment Outlook: Colombia...

Fitch Ratings has assigned a 'BBB' rating to Bancolombia's (NYSE: CIB) upcoming US dollar denominated senior unsecured notes. The global notes for $950 million dollars are due in 2025.

Spanish insurer MAPFRE has entered into a strategic alliance with Banco Pichincha in Colombia to offer insurance products to the bank's customers.

Moody’s Investors Service has assigned a Ba3(hyb) rating to the proposed US Dollar-denominated contractual non-viability Tier 2 subordinated notes to be issued by Bancolombia S.A. (NYSE:CIB) of Medellín, Colombia. The notes will be due in 2029. The capital securities are...

Banco de Bogotá has reached an agreement with Multi Financial Group (MFG), Panama’s eighth largest banking group by assets, to acquire 100% of its common capital for about $730 million dollars in an all-cash transaction. The proposed acquisition will add $5 billion to Banco...

Spain’s Mutua Madrileña insurance company has purchased 45% of Colombia’s Seguros del Estado, a private insurance company operating in Colombia. Seguros del Estado claims the #2 ranking in property and casualty insurance in Colombia. Mutua Madrileña also acquired an option to...

Bancoldex, Colombia’s development bank, has announced a new $50 million line of credit for microenterprises and small businesses to finance projects that reduce greenhouse gases, adapt to climate change, or mitigate environmental impact. The credit like has a term of up to 3...