Reinsurance News
Brazil
AM Best maintains negative outlook for Brazil reinsurance market
6th August 2024
AM Best is maintaining a Negative segment outlook for Brazil’s reinsurance market until favourable performance trends can be sustained. AM Best’s recent report identifies strict regulations on foreign assets as a major factor contributing to this negative outlook. These restrictions have limited the growth of domestic reinsurers internationally. Although domestic reinsurers are ... Read the full article
Ardonagh’s MDS Brazil finalises acquisition of D’Or Consultoria
2nd August 2024
MDS Brazil, a subsidiary of the Ardonagh-owned MDS Group, has finalised the acquisition of D’Or Consultoria, a broker with expertise in health, dental, life insurance, and pensions, which is part of Rede D’Or São Luiz S.A. This acquisition significantly enhances MDS Brazil’s offerings in health and benefits, strengthening its competitive position ... Read the full article
LRS securitization vehicles could benefit Brazil’s re/insurance market: Fitch
19th July 2024
As per a new Fitch Ratings report, the regulation of Letras de Risco de Seguro (LRS), which are similar to insurance linked-securities (ILS), could benefit Brazil’s re/insurance market. According to Fitch, LRS may provide new access to portfolio diversification and capital management, which would support re/insurer credit ratings. If successful in attracting ... Read the full article
Brazil floods to increase demand for catastrophic risk coverage: S&P
14th May 2024
As per a new report from S&P Global Ratings, the recent floods in Rio Grande do Sul, Brazil, may increase demand for catastrophic risk coverage, likely pushing up prices and premiums for this coverage type. Heavy rains started in Rio Grande do Sul, Brazil’s fifth-largest economic state, on April 28, and ... Read the full article
Re/insurance losses from Brazil floods expected to be contained: AM Best
13th May 2024
With losses due to floods in Rio Grande do Sul, Brazil, estimated at BRL 7.5 billion ($1.45 billion), AM Best has noted that the impact on most re/insurers will be contained as they retain smaller exposures and have exited volatile business lines. Heavy rains started in Rio Grande do Sul, Brazil’s ... Read the full article
Tokio Marine partners with Clir to enhance renewable energy insurance for Brazil
14th September 2023
In a strategic move aimed at bolstering its renewable energy insurance services in Brazil, major international specialty insurer Tokio Marine has entered into a partnership with Clir Renewables (Clir), a global market intelligence platform specialising in wind and solar energy. The collaboration will leverage Clir's extensive data and AI-powered analytics to ... Read the full article
AM Best maintains negative market segment outlook on Brazil’s reinsurance market
3rd April 2023
In a new report released by AM Best, the rating agency has announced that it is maintaining its negative market segment outlook on Brazil’s reinsurance market. In the report, Best states that Brazil’s reinsurance industry remains somewhat insulated, given the regulatory restrictions on foreign assets that have limited domestic reinsurers’ growth ... Read the full article
Oneglobal Broking Brazil adds three new hires
15th August 2022
Commercial insurance and reinsurance broker, Oneglobal Broking, is welcoming three new members to their Brazil reinsurance team. Bruna Pesenato Xavier has been appointed P&C and Construction reinsurance broker; Caroline Morett as Oil & Gas and Marine reinsurance broker; and Monique Gusmão as Claims & Operations analyst. The new hires will be reporting ... Read the full article
Supply chain chokepoints threaten consumers, countries and reinsurers – Russell
24th June 2022
Supply chain chokepoints are a threat to consumers, nation states and the re/insurers that need to understand their potential risk accumulations, according to a new Russell report. Navigating a Path Though Accumulating Marine Exposures looks at the world's largest ports and identifies several international chokepoints. ... Read the full article
Acrisure expands into Brazil via It’sSeg takeover
21st October 2021
Insurance broker and fintech services provider Acrisure has announced plans to acquire It’sSeg, the largest independent benefit management and insurance broking firm in Brazil. The deal marks Acrisure’s entry into the Brazilian market and represents a substantial expansion of its Latin American operations. Founded in 2014 by Thomaz Menezes and the private ... Read the full article
Austral Re acquires Markel Brazil businesses
1st June 2021
Brazilian reinsurance company Austral Re has acquired the run-off reinsurance operations of Markel Resseguradora do Brasil, and its parent company Markel Participações (Markel Brasil), with the value of the deal not currently being disclosed. This marks Austral’s second acquisition within the last two years, as the reinsurer expands through the South ... Read the full article
Fitch sees regulatory initiatives as positive for Brazilian insurance market
20th January 2021
Regulatory changes supported by Superintendencia de Seguros Privados (SUSEP), a Brazilian state body responsible for insurance operations, should boost competition in the country's insurance sector and lower prices for consumers, reports Fitch. Currently, of the 120 insurance carriers authorised to operate in Brazil, around 10% control some 80% of the total ... Read the full article
UK & Brazil to further equalise re/insurance sectors
14th December 2020
As part of a series of new economic agreements, the UK and Brazil have agreed to further equalise the treatment of foreign and domestic financial companies in Brazil. In particular, this will relate to the re/insurance sector and is expected to support UK re/insurers operating or looking to operate in Brazil. The ... Read the full article
Chubb & Nubank launch digital life offering in Brazil
4th December 2020
Global re/insurer Chubb has announced a new digital life offering in Brazil, launched in partnership with digital bank and fintech firm Nubank. The offering, called Nubank Vida, is underwritten by Chubb and will be made available to Nubank’s 30 million customers across Brazil. Basic coverage includes natural or accidental death and funeral ... Read the full article
Fairfax Brasil partners with Farmers Edge on data-driven crop insurance
15th January 2020
Fairfax Brasil, a wholly-owned subsidiary of Canada's Fairfax Financial Holdings Limited, has collaborated with digital agriculture firm, Farmers Edge, to bring bespoke, data-driven crop insurance to growers in Brazil. This landmark partnership between the two companies is expected to create new opportunities for growers to capitalise on their data with premium ... Read the full article
- ← Previous
- 1
- 2
- 3
- 4
- Next →
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
