Brazil’s Bradesco eyes M&A opportunities to expand insurance operation
Bradesco’s insurance arm is looking for new acquisition opportunities in the healthcare sector, Reuters reported citing chief executive Octavio Lazari. Speaking to…
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Brazilian reinsurer IRB Brasil garners nearly $229m via share offering
Brazil-based reinsurer IRB Brasil Resseguros has reportedly secured nearly BRL1.2bn ($228.9m) through a share offering. The development follows the firm’s…
Brazil insurance industry grows at a CAGR of 4.2% in 2021
The insurance industry in Brazil witnessed a rise at a compound annual growth rate (CAGR) of 4.2% during 2016 to…
ByThe five leading general insurance companies in Brazil in 2021
The Brazil general insurance market witnessed decline at a compound annual negative growth rate (CAGR) of 5% from $44.6bn in…
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Mercado Pago forays into life insurance in Brazil
Argentina-based MercadoLibre’s fintech unit Mercado Pago has introduced its life insurance service in Brazil, reported Reuters. The e-commerce company plans…
HDI International to pay $311m for retail arm of Sompo Seguros
Talanx Group subsidiary HDI International has brokered a deal to acquire retail operations of Sompo Seguros in a deal valued at $311.45m…
UnitedHealth’s Brazilian unit reviews blocked APS deal
Amil, the Brazilian arm of UnitedHealth Group, is reviewing the divesture of local health plan operator APS, Reuters has reported.…
Brazilian auto insurtech Justos rakes in $35.8m
Brazilian insurtech startup Justos has secured $35.8m investment in a Series A round led by Ribbit Capital. Softbank Latin America…