Generali Global Corporate & Commercial and Seguros Bolívar join forces to protect large companies in Colombia

• Generali Global Corporate & Commercial and Seguros Bolívar announce a reinsurance agreement aimed at strengthening the insurance offering for Colombia’s Large Corporate segment
• The partnership will provide large Colombian companies with access to comprehensive, tailor-made protection solutions that safeguard their assets and support them in effective risk management

Milan/Bogotá - Seguros Bolívar has chosen Generali, one of the largest insurance and asset management companies in the world, as its strategic reinsurer in Colombia to consolidate a high-impact corporate insurance offering. This agreement combines the financial strength, local market knowledge, and reputation of Seguros Bolívar with Generali’s capacity and expertise in insuring large risks. This value proposition will raise the standard of the insurance sector, boost business competitiveness, and support the country’s economic growth.

From Generali, the reinsurance agreement will be managed by the Generali Global Corporate & Commercial (GC&C), the business unit of Generali Group that provides insurance solutions and services to medium-large companies in over 180 countries.

This reinsurance agreement will allow for comprehensive solutions to be offered to large companies with revenues exceeding €25 million, providing them with insurance policies for Property, Liability, Construction, Marine Hull, and Directors & Officers. In Construction, the focus will be on projects with values above €50 million. Additionally, the agreement enables Seguros Bolívar to develop tailor-made solutions for companies with international presence, leveraging Generali’s experience in managing global programs, resulting in more efficient local risk management and protection aligned with each client’s specific needs.

The financial backing of Seguros Bolívar, combined with Generali’s capacity to assume large risks, strengthens the corporate insurance business in Colombia. Generali – through GC&C - not only acts as a reinsurer but also contributes its strength and global experience, while Seguros Bolívar brings its extensive knowledge of the local market. This agreement expands the market, optimizes resources, and offers specialized solutions for protecting the assets of large companies, providing comprehensive support that raises the standard of business security in the country.

“This reinsurance agreement represents a strategic milestone in the development of our presence in Latin America, fully aligned with our GC&C 2025–27 Next Level Plan. We are committed to delivering added value to large Colombian companies, combining the international experience of Generali Global Corporate & Commercial with Seguros Bolívar’s deep knowledge of the local market. Our priority: to stand by our corporate clients at every key moment along their journey. Together with Seguros Bolívar, we share a strong commitment to supporting the country’s business ecosystem, helping companies navigate today’s changing landscape with greater confidence and resilience,” said Patricia Puerta, Head of GC&C Mediterranean & Latin America.

“Partnering with a company that shares our values and principles allows us to complement our offering, provide greater peace of mind to our corporate clients, delivering additional capabilities with underwriting expertise in this business segment under the Seguros Bolívar service model. Through this reinsurance agreement, we ensure not only the assets of large companies but also their executives with policies designed to cover potential strategic and operational risks. When companies are protected, the country progresses,” said Álvaro Carrillo, President of Seguros Bolívar.