In a bold and unusual move for a U.S. bank, Bankers Trust New York Corp. plans to build an insurance underwriting and sales business across Latin America.

The bank company said it has brought Latin American partners into its Chilean insurance and annuity underwriting subsi-diary-Consorcio Nacional de Seguros SA-in a bid to extend those operations both within Chile and throughout Latin America.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.