Spain’s Santander BanCorp (SBC) announced that its Puerto Rican subsidiary, Banco Santander Puerto Rico, has launched Santander Insurance Agency, ” which plans to offer life, health and disability insurance as a corporate agent and will operate as a general agent.”
SBC qualifies as a financial holding company under the terms of the Gramm-Leach-Bliley Act, and is the first such group to set up an insurance subsidiary in Puerto Rico. It operates throughout Latin America with interests in banking, insurance and financial management.
Was this article valuable?
Here are more articles you may enjoy.
NAIC Says Data Taken in Hack Has Been Published Online 
A Super Yacht Armada Came to Miami, Leaving a Marine Graveyard in Its Wake 
PE-Backed Insurance Broker Hub International Files Confidentially for US IPO 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
