Trends and Opportunities in the Brazilian Reinsurance Industry to 2016: Market Profile
In its efforts to develop the reinsurance market, the Brazilian government partially deregulated the market in January 2007, allowing private reinsurance companies to conduct business operations in Brazil from April 2008. In addition to the government-owned IRB, four private domestic companies have received approval to operate as local insurers. To gain approval, domestic reinsurers had to establish limited-liability companies in Brazil exclusively for carrying out reinsurance business, and had minimum capital requirement of US$XX million which increased depending on the...
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