Colseguros

Colombian insurer Compañía de Inversión Colseguros is to receive a capital injection of US$55mn from its partners, which include Allianz AGF. “These resources will be used to strengthen the insurers’ operative capacity in a competitive, demanding market,” said group president Max Thiermann. He added that with this capital inflow the balance sheet position will be improved, and the companies would resume their growth and balance their operations in late 2001 and early 2002.