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Banco de Guayaquil

Date December, 2011
Client Banco de Guayaquil
Counterparty ACE Group
Industry Insurance
Amount US$55 million
Landmark Capital acted as exclusive financial advisor to Banco de Guayaquil S.A. in Ecuador on the sale of 100% of the shares of its insurance company Rio Guayas Compañía de Seguros y Reaseguros S.A. to The ACE Group for US$ 55 million. Rio Guayas is a leading P&C and life insurance company in Ecuador. The ACE Group is a global leader in insurance and reinsurance, serving a diverse group of clients and with a presence in more than 50 countries, including Ecuador. This transaction doubles ACE´s existing business in Ecuador.