Brazil Class-Action Lawsuit Seeks $2.5B in Damages From Alleged Orange Juice Cartel April 10, 2023 By Ricardo Brito Giants of the orange juice trade in Brazil have become defendants in a class-action lawsuit seeking $2.5 billion in damages...
Arthur J. Gallagher Acquiring Brazilian Broker Interbrok December 21, 2022 Arthur J. Gallagher & Co. announced the acquisition of São Paulo, Brazil-based Interbrok Group. Financial terms of the deal were...
IRB Brasil Re’s CEO Carvalho Resigns; Board Elects Falcao as Successor November 17, 2022 IRB Brasil Resseguros SA said on Thursday that chief executive Raphael de Carvalho had resigned after just over a year...
Brazil’s BB Seguridade Raises Full-Year Forecasts as Q3 Profit Jumps 69% November 7, 2022 Brazilian insurer BB Seguridade Participacoes SA raised some of its full-year forecasts on Monday after reporting a 69% jump in...
Brazilian Reinsurer IRB Raises $228.9M in Share Offering September 2, 2022 Brazilian reinsurer IRB Brasil Resseguros SA confirmed late on Thursday it had raised 1.2 billion reais ($228.9 million) in a...
IRB Brasil Re Weighs New Share Offering After Warnings About Capital Adequacy August 16, 2022 IRB Brasil Resseguros SA on Monday said it is considering a new capital increase to reinforce its financial structure, after...
Brazil’s BB Seguridade Posts 86.6% Rise in Q2 Net Profit August 9, 2022 By Gabriel Araujo Brazilian insurer BB Seguridade Participacoes SA on Monday increased its full-year outlook, citing higher-than-expected growth in written premiums as it...
HDI International to Acquire Retail Insurance Business of Sompo Seguros in Brazil May 25, 2022 HDI International AG, a subsidiary of Talanx Group, is acquiring the retail business of Sompo Seguros S.A. in Brazil. This...
Brazilian Hospital Chain Rede D’or Acquires Insurer SulAmerica for $2.6 Billion February 24, 2022 By Peter Frontini Rede D’or said on Wednesday it has agreed to acquire insurer SulAmerica Seguros in a 13 billion-real ($2.6 billion) deal...
Argo Group Completes Sale of Brazilian Business to Spice Private Equity February 16, 2022 Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance products, announced the completion of the sale of Argo...