CMF Extends Suspension of Konsegur Seguros de Garantías y Crédito S.A.'s Management

Chile CMF Press Releases (English)

Filed February 18th, 2026

Detected April 1st, 2026

Summary

Chile's Financial Market Commission (CMF) extended for three months the suspension of Konsegur Seguros de Garantías y Crédito S.A.'s management. Chairwoman Catherine Tornel also extended Mr. Robert Rivas Carrillo's appointment as the company's administrator for the same period. The enforcement action continues regulatory oversight of the insurer under CMF administration.

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What changed

The CMF has extended the management suspension of Konsegur Seguros de Garantías y Crédito S.A. for an additional three months. Chairwoman Catherine Tornel similarly extended Mr. Robert Rivas Carrillo's tenure as court-appointed administrator of the company for the same timeframe. This action represents a continuation of existing regulatory oversight measures rather than a new enforcement proceeding.

Insurers and financial institutions operating in Chile should note that CMF continues to exercise heightened supervisory authority over Konsegur. Parties with business relationships with Konsegur should monitor the company's operational status and consider whether contingency measures are warranted during this extended suspension period. The three-month extension signals ongoing concerns regarding the company's governance or financial condition.

What to do next

Review existing business relationships with Konsegur Seguros de Garantías y Crédito S.A. and assess contingency measures
Monitor CMF announcements for further developments regarding Konsegur's administrative status
Update internal watchlists for supervised entities under CMF enforcement action

Source document (simplified)

Financial Market Commission

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CMF extends suspension of Konsegur Seguros de Garantías y Crédito S.A.’s management for three months

Chairwoman Catherine Tornel also extended Mr. Robert Rivas Carrillo as administrator of the company for the same timeframe.

March 31, 2026 - The Board of the Financial Market Commission (CMF) resolved to extend the management suspension issued against Konsegur Seguros de Garantías y Crédito S.A. for three months. Additionally, Chairwoman Catherine Tornel resolved to extend the appointment of Mr. Robert Rivas Carrillo as administrator of the company for the same timeframe.

The Resolution is based on keeping necessary measures to give continuity to the firm and adequately protect policyholders' interests in place. This is due to both the current state of Konsegur's claims and policies portfolio and the company's economic and financial situation.