HDI International buys Sompo’s retail business in Brazil
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HDI International buys Sompo’s retail business in Brazil

Luke Harrison
May 24, 2022
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HDI Brazil.png

HDI International, a subsidiary of Talanx Group, has acquired the retail business of Sompo Seguros for BRL 1.1bn ($220mn), which the company said would strengthen its market position in Brazil and enable HDI Seguros to gain scale in motor and diversify into non-motor P&C and life protection.

The purchase price payment is subject to certain closing account and other adjustments, and may be changed up or down based on certain performance-based criteria after closing.

The

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