Grupo Universal

Seguros Universal is an all lines insurance company founded in 1964. It is licensed to operate in the Dominican Republic. Currently the leader in most lines of insurance in the country. At the moment, the company holds around 32% of the insurance market in that country. Seguros Universal was founded by a group of insurance professionals headed by Rafael A. De León. In 1983 the company was purchased by Grupo Popular, the largest financial entity in the country, and Mr. Alejandro E. Grullón was named president of the company. In 2005, Grupo Popular decided to concentrate its operation in its banking business and sold the company to a group of very well known Dominican businessman headed by Mr. Ernesto Izquierdo, current president of the company.