The latest news from Talanx for you;
The Retail International division of the Talanx Group sells its Argentinian and Uruguayan entities to BARBUSS, a global holding company that provides a wide range of insurance, claims management and financing solutions.
The sale marks another important step in the implementation of the Retail International division’s strategy to build a strong presence and to generate profitable growth in Latin America. In line with the Group’s strategy, the division is focusing on larger markets and strong market positions. In February 2025, the Group had already divested its small-scale operation in Ecuador.
HDI Seguros Argentina and HDI Seguros Uruguay have been part of HDI International AG since 2011. The Argentinian operation generated a gross premium volume of ARS 87,708m (EUR 86m) with 148 employees in 2024, and the Uruguayan entity recorded a gross premium volume of UYU 1,628m (EUR 36m) and employed 46 people.
Both entities are now owned by BARBUSS S.A., excluding a remaining portion of 10 per cent of HDI Seguros Uruguay, which is still owned by Talanx and is subject to regulatory proceedings. This part of the transaction is expected to close in 2025.
The parties have agreed not to disclose the financial terms of the transaction.
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