Padeco Seguros was founded in 1968 by Apostolos Costarangos as Panameña de Comercio, S.A.In 1982, the group incorporated Cia. Panameña de Productores de Seguros, S.A., COPAPROSE, with Stavros Costarangos and David Perez- Almillano as partners.

Padeco Seguros provides its services through Panameña de Comercio, S.A. and Cia. Panameña de Productores de Seguros, S.A. (COPAPROSE).

Both companies are licensed by the Insurance and Reinsurance Authority of the Republic of Panama. The company is 100% Panamanian owned.

Today Padeco Seguros is recognized as a leading boutique broker that proudly serves its clientele.