Sura to pay $100mn, Axa’s unit $13mn over Ituango Dam

14 December 2021

2CNCFTT colombia Hidroituango hydroelectric plant in Ituango, Colombia — View of the construction at Hidroituango hydroelectric plant in Ituango, Colombia May 20, 2018. | Photo: Alamy Stock Photo

Colombian authorities are expecting regional carrier Suramericana to make a contingency payout of around $100mn (400bn pesos) over issues concerning the construction of the Ituango Dam as early as next week, this publication understands.

Axa’s subsidiary in the South American country, Axa Colpatria, is expected to pay about $13mn (50bn pesos), sources said.

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Topics

News Claims and losses Axa

Jairo Ibarra

Senior Reporter