It is also the only Latin American entity in the sector Financial Services and Capital Markets, that is part of the Dow Jones Sustainability Indices.
On 12 December 1944, Compañía Suramericana de Seguros S.A. was created in Medellín, Antioquia, dedicated to the insurance activity in Colombia.
In the 1970s, in the face of hostile takeover attempts by economic groups from other regions of the country, a process was carried out to protect the regional industry through share exchanges between companies of Antioquia origin, such as Suramericana de Seguros, Cementos Argos and National Chocolate Company, among others.
[citation needed] In December 1997, Compañía Suramericana de Seguros was restructured through a spin-off, through which the management of the investment portfolio was separated from the insurance operating activity.
[6] With the acquisition, Grupo Sura entered the Argentine, Brazilian, and Uruguayan insurance markets, and enlarged their operations in Colombia, Chile, and Mexico.