Seguros Sucre

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 Active product offerings have been replaced by direct asset sales across six categories: real estate (inmuebles), vehicles (vehículos), furniture and office equipment (muebles), technology and computing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.

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

Product category

Insurance Services

NAICS

Direct Life Insurance Carriers (524113)

SIC

Life Insurance (6311)

akta.pro primary industry

Universal Life (UL) Insurance (FSAIABAB)

Keywords

• Life insurance
• Insurance liquidation
• Asset sales
• Real estate sales
• Vehicle sales

Headquarters

HQ city

Guayaquil

HQ country

Ecuador

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Others

Distribution channels2 records

Core 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.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Cooperativa de Ahorro y Crédito 29 de OctubreminorOthers · 8 December 2022Designated 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

Regional 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

• Xx.com/segurossucreec
• Facebookfacebook.com/SegurosSucreEC

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Seguros Sucre