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History

2017

On January 5, 2017, Grupo Security completed a bond exchange process to exchange 95.1% of the F series bond, equivalent to UF 1,189,000, for the M series bond, thus extending the duration of the Group's total debt from 11.2 to 12.5

2016

On February 2016, Grupo Security successfully concluded the acquisition of Banco Penta's asset management and stock brokerage subsidiaries. These companies were immediately merged with AGF Security and Valores Security. This deal strengthens Inversiones Security fifth place market standing in the Chilean third-party asset management industry.

On January 2016, Grupo Security sold its minority holding of 29.55% in Penta Security to Liberty International Holdings for a total of Ch$ 31,652 million.

2015

Grupo Security celebrates twenty years since its IPO on the local stock market.

Through its subsidiary Vida Security, the Group buys 61% of the Peruvian insurance company Protecta.

2014

As part of the Bank’s strategy to support foreign trade between Asia and Chile, Banco Security establishes a representative office in Hong Kong, Asia´s premier financial centre.

2013

Grupo Security sells its interest in Cooper Gay Chile to Cooper Gay Swett & Crawford, an international wholesale and reinsurance broker.

Grupo Security acquires the Cruz del Sur companies with the strategic purpose of strengthening its Insurance and Asset Management Areas. It is the largest acquisition in the history of Grupo Security, for nearly US$ 300 million. Two years later, Grupo Security had already achieved savings of a present value of US$ 236 million in synergies, far exceeding the US$ 144 million estimated prior the acquisition of Cruz del Sur and a significant portion of the purchasing price.

2012

Travel Security purchases Travex, a leading travel agency in Peru. With this acquisition, Grupo Security gained experience in the Peruvian market paving the way for future acquisitions.

2008

Travel Security becomes part of the American Express Travel Network, the largest travel agency in the world, as the exclusive representative in Chile.

2007

Grupo Security and Grupo Ultramar merge their travel agencies, Travel Security and Turismo Tajamar, into Travel Security.

Grupo Security acquires Cigna Compañía de Seguros de Vida, which was then merged with Vida Security.

2006

Grupo Security acquires Interamericana Rentas Seguros de Vida (Interrentas), subsidiary of AIG in Chile.

2004

Grupo Security acquires the Chilean branch of Dresdner Bank and then merges it with Banco Security. In april 2004 the P&C insurance company Seguros Security Previsión Generales merges with Seguros Generales Las Américas, and Compañía de Seguros Generales Penta Security is created, where Grupo Security holds a minority stake of about 30% of the company.

New alliance with Europ Assistance, where Europ Assistance Chile is created.

Grupo Security partners with the English reinsurance brokerage firm Cooper Gay in order to create Cooper Gay Chile.

2002

The insurance companies Previsión (life insurance) and Previsión Generales (P&C insurance) change their names to Seguros Vida Security Previsión and Seguros Security Previsión Generales.

1999

Grupo Security acquires a majority stake in Turismo Export Travel (travel agency), and changes its name to Travel Security.

1998

Grupo Security sells its interest in the pension fund management company AFP Protección.

1995

Grupo Security stock is publicly listed on the Santiago Stock Exchange. The second capital increase of Grupo Security is carried out. A controlling interest is acquired in AFP Protección (pension fund management company) and the insurance companies Previsión (life insurance) and Previsión Generales (P&C insurance).

1994

The shareholders of Grupo Security purchase the remaining 40% interest of Banco Security from Bank of America.

1992

Administradora de Fondos Mutuos Security (the asset management company), and Factoring Security are created.

1991

Former executives from Banco Security Pacific and other investors create Grupo Security in order to acquire 60% of the bank from Security Pacific Overseas Corp. The name of the bank changes to Banco Security.