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The agreement provides Scotiabank with a 20% ownership stake in the newly formed holding company, Davivienda Group.

As part of the deal, Scotiabank takes board seats and a partial interest in Davivienda.

Immediately after ride hailing platform Über announced its return to Colombia with an altered operating model, Colombian regulator Supertransporte, or the Superintendence of Transportation has announced that it is going after its insurer, global insurance giant Allianz.

President Santos said that the Externado University-trained lawyer will bring continuity to the regulatory and engender confidence from the markets.

"Colombia has one of the highest seismic hazards in South America," said Victor Roldán of RMS.

“We are committed to investing in Colombia, a strategic market that represents huge potential,” said Gustavo Marín of First Data.

Superfinanciera, Colombia’s Financial Superintendence that oversees banking and insurance operations, has issued Resolucion 0130 de 2016, a cease and desist order against Cooper Gay Ecuador C.A. Intermediario de Reaseguros, demanding that they suspend all reinsurance...

Bogotá, Colombia–(Business WIre)– Fitch Ratings has announced that its Sector and Rating Outlooks for the Colombian insurance industry are currently stable, and that there is a high likelihood Fitch will affirm the ratings of most Colombian insurance companies in...