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Though the notes have a Baa1 rating with a stable outlook, Moody's has concerns over Sura's leverage, regional market volatility, and the immature capital markets of Latin America.

"Colombia is heavily underinsured. If you look at insurance penetration ... Colombia is about a quarter of where it should be," said John Nelson, chairman of Lloyd's of London.

The collaboration will bring onboard "telematics" to user vehicles to track driving performance and help Sura better price its policies.

Mexico's insurance regulator has approved Grupo Sura's 2015 purchase of the local arm of RSA Insurance Group.

Medellín based Grupo SURA´s insurance and risk management subsidiary, Suramericana S.A., has announced that it has reached a definite agreement to acquire RSA Insurance Group PLC´s operations in Latin America, for a total of £403 million British pounds, representing COP 1.91...

Grupo Sura (OTC: GIVSY), the parent company of the insurance company in Colombia, announced today that it has selected ClickSoftware’s (NasdaqGS: CKSW) cloud-based mobile workforce management solution for its roadside assistance business. ClickSoftware’s solutions will facilitate...