21 de mayo de 2014 / 11:09 / hace 3 años

STXNEWS LATAM-Brazil grants life insurance permit to BTG Pactual

1 MIN. DE LECTURA

Susep, as Brazil's insurance industry regulator, on Wednesday approved a plan by investment banking firm Grupo BTG Pactual SA to open a life insurance and pension unit.

According to the government's official gazette, the unit, to be named BTG Pactual Vida e Previdência SA, will have capital of 30 million reais ($13.6 million) and be authorized to sell and structure life insurance and retirement products.

BTG Pactual had approved the creation of the unit in January.

$1 = 2.20 Brazilian reais

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