Seguros Sucre
Seguros Sucre S.A. is an Ecuadorian insurance company in mandatory liquidation since November 2022, currently winding down operations by selling its real estate, vehicles, furniture, technology, and art assets, and settling legacy life insurance claims through the COSEDE guarantee framework.
- Company typePrivate
- Founded1944
- HeadquartersGuayaquil, Ecuador
- Headcount251–500
- GTM typeB2C
- OfferingServices
What Seguros Sucre does
Seguros Sucre S.A. is an Ecuadorian insurance company (sociedad anónima) headquartered in Guayaquil that is currently in mandatory liquidation proceedings supervised by the Superintendencia de Compañías, Valores y Seguros and the Junta de Política y Regulación Monetaria y Financiera, with oversight from COSEDE (Corporación del Seguro de Depósitos, Seguro de Fianzas y Seguro de Créditos Industriales). Founded in 1944, the company historically offered life insurance products (pólizas de vida) to Ecuadorian policyholders but ceased active underwriting following its entry into liquidation on November 23, 2022. Operations are now confined to two physical offices — the Guayaquil headquarters at Pedro Carbo 422 y Av. 9 de Octubre (Edif. San Francisco 300) and a regional office in Quito at Av. 18 de Septiembre y Reina Victoria — handling liquidation inquiries, creditor communications, and asset disposal.
The company's current business activity consists of realizing assets to settle obligations. Active product offerings have been replaced by direct asset sales across six categories: real estate (inmuebles), vehicles (vehículos), furniture and office equipment (muebles), technology and computing equipment (bienes tecnológicos), paintings and photographs (pinturas y fotografías), and salvaged goods (salvamentos). Asset disposals are conducted through public tenders and direct sale processes, with customer due diligence forms required for transactions exceeding USD 10,000. Concurrently, legacy life insurance obligations are being discharged through the COSEDE Private Insurance Guarantee (Seguro de Seguros Privados), with Cooperativa de Ahorro y Crédito 29 de Octubre acting as Payment Agent nationwide per COSEDE Resolution No. COSEDE-COSEDE-2022-0097-R dated December 8, 2022.
The revenue model is asset-disposal-driven rather than recurring premium-based. Dr. Juan Carlos Soria C., Mgs. serves as the current Liquidador, succeeding Dra. Nelly Patricia Iglesias, and the Junta de Realización de Activos authorizes each category of sale. The corporate website (segurossucre.fin.ec) functions exclusively as a liquidation communications portal — listing asset sale convocations, official notices, regulatory resolutions, and life insurance payment schedules. There is no active marketing, no product distribution, and no technology infrastructure associated with insurance operations.
Seguros Sucre firmographics
Firmographics- Name
- Seguros Sucre
- Legal name
- Seguros Sucre S.A.
- Website
- https://segurossucre.fin.ec
- Company type
- Private
- Founded year
- 1944
- Operating status
- Closed
- Headcount range
- 251–500 employees
- Short description
- Seguros Sucre S.A. is an Ecuadorian insurance company in mandatory liquidation since November 2022, currently winding down operations by selling its real estate, vehicles, furniture, technology, and art assets, and settling legacy life insurance claims through the COSEDE guarantee framework.
- Ownership category
- akta.pro rank
Seguros Sucre industry classification
Industry- Product category
- Insurance Services
- NAICS
- Direct Life Insurance Carriers (524113)
- SIC
- Life Insurance (6311)
- akta.pro primary industry
- Universal Life (UL) Insurance (FSAIABAB)
Keywords
Where Seguros Sucre is headquartered
LocationHeadquarters
- HQ city
- Guayaquil
- HQ country
- Ecuador
- HQ region
- Latin America
Offices2 records
Markets served
Seguros Sucre business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Others
Distribution channels2 records
Seguros Sucre product offering
Product offeringCore offering
Seguros Sucre S.A. is an Ecuadorian insurance company founded in 1944 that is currently in liquidation proceedings. The company traditionally offered life insurance products to individual and corporate clients in Ecuador, but as of November 2022 it is focused on asset realization, selling real estate, vehicles, furniture, technology, artwork, and salvages through public auctions and direct sales.
Product overview
Seguros Sucre S.A. is an Ecuadorian insurance company currently under liquidation proceedings. The company previously offered life insurance products (pólizas de vida) but is now exclusively focused on liquidating its assets. The product portfolio consists of direct sales of various asset categories: real estate properties (inmuebles), vehicles (vehículos), furniture and office equipment (muebles), technology and computer equipment (bienes tecnológicos), paintings and photographs (pinturas y fotografías), and salvaged goods (salvamentos). These assets are being sold through direct sales processes and public tender procedures, with customer due diligence forms required for transactions exceeding USD 10,000.
Differentiator
Problem solved
Functional benefit
Products and services
- Real estate sales Sales of real estate properties owned by Seguros Sucre S.A. through public auctions as part of the liquidation process. Targeted at buyers interested in acquiring commercial or residential properties in Ecuador.
- Vehicle sales Sales of vehicles owned by Seguros Sucre S.A. through public auctions as part of the liquidation process. Targeted at individuals and businesses interested in acquiring vehicles.
- Furniture sales Sales of furniture owned by Seguros Sucre S.A. through public auctions as part of the liquidation process. Targeted at individuals and businesses interested in acquiring furniture.
- Technology equipment sales Sales of technology equipment owned by Seguros Sucre S.A. through public auctions as part of the liquidation process. Targeted at individuals and businesses interested in acquiring technology equipment.
- Artwork sales Sales of artwork owned by Seguros Sucre S.A. through public auctions as part of the liquidation process. Targeted at collectors and individuals interested in acquiring artwork.
- Salvages sales Sales of salvages owned by Seguros Sucre S.A. through public auctions as part of the liquidation process. Targeted at individuals and businesses interested in acquiring salvaged assets.
Companies that use Seguros Sucre
Customer profileSegments1 record
Ideal customer profiles2 records
Seguros Sucre technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Seguros Sucre partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Cooperativa de Ahorro y Crédito 29 de OctubreminorDesignated as Agent of Payment (Agente de Pago) by COSEDE for distributing private insurance guarantee payments to policyholders and beneficiaries of Seguros Sucre in liquidation. Beneficiaries can collect payments at any agency nationwide according to a specified schedule.
Scale indicators1 record
Recent moves7 records
Expansion highlights1 record
Seguros Sucre competitors and assessment
Company assessmentRegional players
- Liberty Seguros Ecuador: Ecuadorian operation of Liberty Mutual, providing life and general insurance to individuals and corporates. Comparable as a foreign-backed insurer competing in Ecuador's life and general insurance market.
- Seguros Bolívar Ecuador: Ecuadorian operations of Colombian insurance group Seguros Bolívar, focused on life and general insurance. Comparable as a Latin American regional carrier with similar Ecuadorian product positioning and regulatory exposure.
- Mapfre Seguros Ecuador: Ecuadorian subsidiary of the Spanish-headquartered Mapfre group, providing life and general insurance locally. Comparable as a multinational incumbent operating under the same Ecuadorian insurance regulator while carrying broader regional capitalization and product breadth.
- Chubb Seguros Ecuador: Ecuadorian subsidiary of global specialty insurer Chubb, offering personal accident, life, and commercial lines. Comparable as a multinational carrier with Ecuadorian underwriting exposure and similar regulatory standing.
- Zurich Seguros Ecuador: Ecuadorian arm of Zurich Insurance Group, providing life and general insurance products. Comparable as a large international insurer offering life products in Ecuador under the same regulatory regime.
Direct peers
- Seguros del Pichincha: Ecuadorian life and general insurance carrier affiliated with Banco Pichincha, historically offering individual and group life products analogous to Seguros Sucre's core book. Direct comparator for product mix, distribution model, and Ecuadorian regulatory framework.
- Latina Seguros Ecuador: Ecuadorian life and general insurance carrier serving individuals and groups. Comparable as a domestic peer historically competing for similar Ecuadorian life-insurance customers and operating under COSEDE-supervised guarantee arrangements.
- Seguros Equinoccial: Established Ecuadorian multi-line insurer offering life and general insurance to individuals and groups nationwide. Comparable as a domestic Ecuadorian carrier competing in the same regulatory environment (Superintendencia de Compañías, Valores y Seguros) as the pre-liquidation Seguros Sucre.
- Equivida Seguros: Ecuadorian life insurance specialist formed from the migration of social-security insurers; focuses on individual and group life products, directly comparable to the legacy Seguros Sucre life insurance portfolio and policyholder base.
- Hispana de Seguros: Ecuadorian insurance carrier focused on life and general insurance for individuals and small-to-mid businesses. Comparable as a domestic Ecuadorian peer with similar product mix and policyholder segments to legacy Seguros Sucre.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat2 records
Key risks6 records
Key highlights5 records
Customer concentration
Seguros Sucre social profiles
Digital presenceSeguros Sucre financial estimates
Financial estimateRevenue estimate
Valuation estimate
Seguros Sucre leadership team
Management profileNumber of profiles
Profiles1 record
Seguros Sucre funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Seguros Sucre M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Seguros Sucre
What does Seguros Sucre do?
Seguros Sucre S.A. is an Ecuadorian insurance company founded in 1944 that is currently in liquidation proceedings. The company traditionally offered life insurance products to individual and corporate clients in Ecuador, but as of November 2022 it is focused on asset realization, selling real estate, vehicles, furniture, technology, artwork, and salvages through public auctions and direct sales.
Is Seguros Sucre a public or private company?
Seguros Sucre is a private company. It is classified as unknown and is currently closed.
When was Seguros Sucre founded?
Seguros Sucre was founded in 1944. It employs 251 to 500 people.
Where is Seguros Sucre based?
Seguros Sucre is headquartered in Guayaquil, Ecuador, in the Latin America region.
Who are Seguros Sucre's main competitors?
Regional players on record are Liberty Seguros Ecuador, Seguros Bolívar Ecuador, Mapfre Seguros Ecuador, Chubb Seguros Ecuador and Zurich Seguros Ecuador. Direct peers are Seguros del Pichincha, Latina Seguros Ecuador, Seguros Equinoccial, Equivida Seguros and Hispana de Seguros.
Does Seguros Sucre have an API?
No public API is recorded for Seguros Sucre.
What industry is Seguros Sucre in?
Seguros Sucre's product category is Insurance Services. Its primary akta.pro industry code is FSAIABAB, Universal Life (UL) Insurance. Its NAICS code is 524113 and its SIC code is 6311.