13 de octubre de 2016 / 11:37 / hace 9 meses

Swiss Re, Bradesco launch commercial insurance venture in Brazil

1 MIN. DE LECTURA

ZURICH, Oct 13 (Reuters) - Swiss Re and Brazil's Bradesco Group have launched a joint venture to create a commercial large-risk insurer in Brazil, the Swiss reinsurer said on Thursday.

Swiss Re said its commercial insurance arm signed a definitive agreement with Bradesco Seguros, the Brazilian banking group's insurance conglomerate, under which Bradesco Seguros would contribute its commercial large-risk portfolio to Swiss Re Corporate Solutions Brasil Seguros (SRCSB).

Bradesco would take a 40 percent equity stake in the joint venture, Swiss Re said, while its corporate solutions business would retain a 60 percent stake upon closing of the transaction, which is subject to regulatory approval. (Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below