In 2011, the Zurich Group (Zurich Insurance Group) bought 51% of the shares of the insurance companies of Banco Santander (Santander Seguros Vida and Santander Seguros Generales) through a Joint Venture projected to last for 25 years. This agreement was made in 5 countries (Chile, Argentina, Brazil, Uruguay, Mexico) and has a global hierarchy, projecting the philosophy and strategies that characterize these two international holdings.