August 16, 2022
IRB Brasil Resseguros SA on Monday said it is considering a new capital increase to reinforce its financial structure, after market participants raised multiple alerts on the Brazilian reinsurer‘s capital sufficiency. The move would most likely be a fresh follow-on …
August 9, 2022
Brazilian insurer BB Seguridade Participacoes SA on Monday increased its full-year outlook, citing higher-than-expected growth in written premiums as it posted an 86.6% rise in net profit in the second quarter. Shares in the company, controlled by state-run lender Banco …
May 25, 2022
HDI International AG, a subsidiary of Talanx Group, is acquiring the retail business of Sompo Seguros S.A. in Brazil. This acquisition enables HDI Seguros S.A. in Brazil to gain scale in motor and to diversify into non-motor property/casualty and life …
February 24, 2022
Rede D’or said on Wednesday it has agreed to acquire insurer SulAmerica Seguros in a 13 billion-real ($2.6 billion) deal combining Brazil’s largest hospital network with one of the country’s major independent insurance companies. The purchase extends a trend for …
February 16, 2022
Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance products, announced the completion of the sale of Argo Seguros Brasil S.A. to Spice Private Equity Ltd. “The closing of this transaction is another definitive step as Argo evolves …
January 12, 2022
Heavy rainfall is disrupting southeastern Brazil’s giant iron ore industry, with the world’s No. 2 producer Vale SA among companies to halt operations and regulators dispatched to monitor any impact on tailings dams. Vale partially suspended services on the Estrada …
December 28, 2021
Ten water dams are being monitored for risk of bursting in Brazil after heavy rains in the country’s northeast killed at least 18 people and forced over 16,000 more to flee their homes in what local authorities are calling the …
December 27, 2021
UK broker Ardonagh Group announced it has agreed to acquire Portuguese broker MDS Group. Headquartered in Porto, MDS has offices in Brazil, where it is the country’s largest independent broker, as well as Angola, Mozambique, Spain, and Malta. It is …
October 21, 2021
Acrisure, the Grand Rapids, Mich.-based global insurance broker, announced it has signed an agreement to acquire It’sSeg, the largest independent benefit management and insurance broking firm in Brazil. The partnership with It’sSeg marks Acrisure’s entry into the Brazilian market and …
October 4, 2021
Argo Group International Holdings Ltd., an underwriter of specialty insurance, announced an agreement to sell its Brazilian operations, Argo Seguros Brasil S.A. (Argo Brazil), to Spice Private Equity Ltd. (Spice PE), an investment company focused on global private equity investments, …