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Old 12-28-2006, 09:48 PM
DW Simpson DW Simpson is offline
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Default Brazil may open reinsurance market

http://www.businessinsurance.com/cgi...pl?newsId=9130

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Years of attempts to gradually open Brazilís reinsurance market to foreign competition may finally succeed.

The nationís senate on Dec. 20 sent a bill to President Luiz Inacio Lula da Silva that would gradually increase competition against the IRB-Brasil Resseguros S.A, the government-controlled reinsurer that has held a monopoly for decades.

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Old 01-15-2007, 09:57 PM
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http://www.bnamericas.com/story.jsp?...78805&idioma=I
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Old 03-27-2007, 08:49 AM
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http://www.bnamericas.com/story.jsp?...noticia=387069

Quote:
Brazil's reinsurance market could move US$2bn in premiums "or even more" within 12 months after the sector opens up to competition compared to the current US$1.5bn, Maria Elena Bidino, reinsurance director at local insurance federation Fenaseg, told BNamericas.

The market could double by mid-2009 in light of the new minimum capital requirements of 15mn reais (US$7.3mn) for local insurers that come into effect on January 1, 2008, she said.

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