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Año 1939:
Incorporation of Company Seguros Bolívar S.A.
75 years ago, Seguros Bolivar began operations with three people: Mr. Enrique Cortés Reyes, Manager; Mr. Alfonso Crane, secretary and Miss Beatriz Luque, Secretary.
Grupo Bolívar began its activities with the creation of Compañía de Seguros Bolívar S.A. on December 5 that year. However, only until June 30, 1940 through Resolution 451 of the then Banking Superintendence, Compañía Seguros Bolívar was authorized to operate in Colombia. At its inception, Compañía de Seguros Bolívar was engaged in attending collective or life group insurance or individual life insurance, venturing into the Colombian market, mainly composed by international insurers.
The trust earned in the domestic market thanks to the good reputation of its shareholders and the successful management of the business, based on sound ethical, commercial and social principles, as well as the role of the Banking Superintendence of that time in the insurance market through various resolutions, was determinant for the dynamic growth of the emerging Insurer, and the consequent creation of new Companies intended to complement the services provided to individuals and families in Colombia.
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