The ALSUM project was consolidated on May 6, 2011, when in the offices of AIG in Miami, Gabriel Fábrega, Xavier Pazmiño, Mauricio de la Guardia, Erika Schoch, Fabricio Campos, James Garcia, Mará Fernanda Alonso, David Goldbaum, Rodrigo Amengual and Leonardo Umaña met and developed the first strategic planning exercise that allowed the drafting of the Association’s statutes.
The Latin American Association of Maritime Underwriters – ALSUM – was conceived as a non-profit foundation, capitalized by insurance and reinsurance companies with a presence in Latin America, of national and multinational capital.
The ALSUM Foundation is an organization dedicated to providing information, training courses, accreditation exams and discussion scenarios to the community of marine insurance underwriters in Latin America. ALSUM’s services also extend to insurance and reinsurance brokers, adjusters, risk managers, lawyers, logistics operators and in general to all those companies or professionals interested in the cargo transportation and logistics business and their insurance.
ALSUM has the approval of several associations of insurance companies such as the International Union of Marine Underwriters – IUMI, based in Germany; The Argentine Association of Insurance Companies – AACS, The Association of Insurance Companies of Chile – AACH; The Association of Private Insurers of Costa Rica – AAP; The Panamanian Association of Insurers – APADEA; The Mexican Association of Insurance Companies – AMIS; The Peruvian Association of Insurance Companies – APESEG; the Federation of Colombian Insurers – Fasecolda, the Ecuadorian Federation of Insurance Companies – FEDESEG and the Inter-American Federation of Insurance Companies – FIDES.
In 2016, the Board of Directors decided to open a legal operation in Colombia, under the name of ALSUM Colombia Foundation, with the same Statutes and Bodies of the parent company in Panama.