CMF authorizes the existence of Avla Seguros Generales and approves its bylaws

The Financial Market Commission authorized the existence of the special corporation Avla Seguros Generales S.A. through exempt resolution No. 10,518, dated September 23, 2026, and approved its bylaws in the terms agreed upon in the public deed of social constitution dated July 31, 2026. Certificate No. 917, which reports the measure, is published in the Official Gazette of the Republic of Chile No. 44,564, of Friday, October 2, 2026, in Section II, under official reference CVE 2880226.

The scope of the authorization

The resolution was issued by the Council of the Financial Market Commission, a body dependent on the Ministry of Finance, and signed by the acting general secretary Angella Rubilar Guzmán. With this, the company is governed by the regulations applicable to insurance companies and is enabled to operate in the Chilean insurance market.

The deed of constitution was granted at the Eighth Notary Office of Santiago of Mr. Luis Manquehual Mery, and the approved bylaws are those contained in that instrument.

Corporate purpose and domicile

According to the published extract of the bylaws, the company is defined as follows:

• Name: Avla Seguros Generales S.A.
• Purpose: to insure and reinsure, based on premiums or in the form authorized by law, both in Chile and abroad, insurance and reinsurance operations for the risks included in the first group of the classification of article eight of the Insurance Law, or in the legal or regulatory provisions that may replace or modify it, as well as those other insurances or reinsurances for which the law empowers it currently or in the future.
• Complementary activities: to develop any other activity that the applicable law or the Financial Market Commission, through a general regulation, declare as related or complementary to the own and exclusive business of the insurance companies of said first group.
• Domicile: city of Santiago, Metropolitan Region, without prejudice to the fact that it may establish agencies, branches, or offices in the rest of the country or abroad.
• Duration: indefinite.

Capital and share structure

The company’s capital amounts to $4,652,226,562, divided into 10,000 ordinary, nominative shares, of a single series, without nominal value, each of equal value, fully subscribed and paid in the manner indicated in the deed.

The remaining clauses are contained in the extracted deed, as specified by the certificate itself. The publication was carried out in Santiago, dated September 23, 2026, by order of the Council of the Financial Market Commission.

Impact on the insurance market

The entry of Avla Seguros Generales S.A. adds a new player to the Chilean insurance market and expands the offering in the first risk group, the segment that encompasses general insurance. For readers, the publication in the Official Gazette constitutes official evidence that the company exists as an authorized insurance company, with approved bylaws and subscribed and paid-in capital, which enables its operation under the supervision of the Financial Market Commission.

Source: Official Gazette of the Republic of Chile, No. 44,564, Friday, October 2, 2026, Section II (Particular Regulations), page 1 (official reference: CVE 2880226).