Sura Acquiring Asesuisa

Colombian insurance conglomerate Suramericana is on track to acquire El Salvador-based insurance company Asesuisa from Bancolombia, a company spokeswoman confirms. The spokeswoman confirms estimates by Colombian equity analysts that the deal will cost around $100m. She expects the deal to be announced in the next few weeks. Suramericana announced January 31 that it was buying Dominican Republic-based property and casualty insurer Proseguros for $22.5m from NY-based PE shop Palmfund.