Istmo Re Plans To Sell Stake In Adisa
March 30, 2017 at 12:00 am
Istmo Compañía de Reaseguros, Inc. plans to sell its 76% stake in Aseguradora del Istmo, S.A. The sell-off is expected to be completed in a two-month period at the latest, prompted by the intervention of Panama's insurance and reinsurance sector watchdog (SSRP) into operations of Istmo Re, which was found to lack the necessary assets to continue offering its services on the market.