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Results: 1-10 of 54

Brazil passes risk-based capital requirements

  • Edwards Wildman Palmer LLP
  • -
  • Brazil
  • -
  • February 27 2013

Brazil has passed a series of resolutions aimed at strengthening insurers' capital requirements. Brazil's insurance supervisor SUSEP said it drew up

Insurers continue to oppose new Brazilian regulations

  • Edwards Wildman Palmer LLP
  • -
  • Brazil
  • -
  • April 28 2011

A coalition of 18 international insurance associations recently sent a letter to the Brazilian government expressing continued opposition to Resolutions 23211 and 22510, each of which came into effect on March 31, 2011

Resolution 22410 repealed

  • Edwards Wildman Palmer LLP
  • -
  • Brazil
  • -
  • March 31 2011

On Monday, March 28, 2011, the National Council of Private Insurance (CNSP) published Resolution 23211 repealing Resolution 22410

FERMA asks Brazil to withdraw reinsurance regulations

  • Edwards Wildman Palmer LLP
  • -
  • Brazil, European Union
  • -
  • March 22 2011

The Federation of European Risk Management Associations (FERMA) has asked the Brazilian government to withdraw two new reinsurance regulations that will restrict the cession of insurance risks to foreign reinsurers

Effective date of Resolution No. 22410 postponed

  • Edwards Wildman Palmer LLP
  • -
  • Brazil
  • -
  • February 2 2011

On Friday, January 27, 2011, the National Council of Private Insurance (CNSP) published Resolution No. 23111 postponing the effective date of Resolution No. 22410 from January 31, 2011 to March 31, 2011

Recent insurance regulations

  • Edwards Wildman Palmer LLP
  • -
  • Brazil
  • -
  • January 4 2011

In December, the National Council of Private Insurance (CNSP) published Resolutions Nos. 22410 and 22510, each amending Resolution 16807

Brazilian court awards US$1.2 million award to family of Air France Brazil crash victim - insurer intends to appeal

  • Edwards Wildman Palmer LLP
  • -
  • Brazil
  • -
  • March 23 2010

A Brazilian court recently awarded US$1.2 million to the family of a passenger on the Air France plane that crashed into the Atlantic Ocean off Brazil last year

IRB-Brasil Re achieves higher profits despite lower premiums and reduced investment income

  • Edwards Wildman Palmer LLP
  • -
  • Brazil
  • -
  • March 4 2010

Brazil's government-controlled former reinsurance monopoly holder, IRB-Brasil Re, reports that it saw profits rise 2.6 in 2009 despite lower revenue from premiums

Brazilian government considers "privatization" of dominant government-controlled reinsurer IRB Brasil Re

  • Edwards Wildman Palmer LLP
  • -
  • Brazil
  • -
  • January 29 2010

The Brazilian federal government has reportedly decided to reduce its control of the nation's former reinsurance monopoly holder, IRB Brasil Re, in a move that some are referring to somewhat misleadingly as "privatization" of the entity

Foreign reinsurers receive greater access to Brazilian market

  • Edwards Wildman Palmer LLP
  • -
  • Brazil
  • -
  • January 15 2010

As of Sunday January 17, 2010, foreign reinsurers will be permitted access to a larger portion of the Brazilian reinsurance market as local reinsurers' right of first refusal will be reduced from 60 of risks in the market to only 40

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