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Results: 1-10 of 21

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


Susep predicts that microinsurance law will pass before April; study suggests that country could see 33 million new microinsurance customers
  • Locke Lord LLP
  • Brazil
  • December 28 2009

Susep’s superintendent, Armando Vergilio dos Santos, recently stated that he expects the country’s proposed microinsurance law to be approved before April 2010


Gross written premiums up 30.4 in November; regulator anticipates 16-20 growth in insurance market in 2010
  • Locke Lord LLP
  • Brazil
  • December 24 2009

Susep recently reported that gross written premiums for November 2009 were up 30


ACE becomes sixth local reinsurer
  • Locke Lord LLP
  • Brazil
  • December 15 2009

ACE, through its local subsidiary ACE Resseguradora, recently received authorization as the sixth local reinsurer in the Brazilian reinsurance market


Total premiums off nearly 5 in September
  • Locke Lord LLP
  • Brazil
  • December 14 2009

When comparing September 2009 to September 2008, total premiums in the Brazilian insurance market were down 4.81 (US$ 1.42 billion), down to US$ 29.58 billion to US$ 28.16 billion


NAIC announces new cooperation agreement with Brazil
  • Locke Lord LLP
  • Brazil, USA
  • December 8 2009

On Saturday, December 5, 2009, the National Association of Insurance Commissioners (“NAIC”) announced that U.S. insurance regulators entered into a Memorandum of Understanding (“MoU”) with the Agencia Nacional de Saude Suplementar (ANS), Brazil’s Insurance Regulator for Health Plans and Health Insurance, during the NAIC Winter Meeting


SUSEP reports results of Brazilian insurance market
  • Locke Lord LLP
  • Brazil
  • November 13 2009

The Superintendencia de Seguros Privados (SUSEP), recently released statistics regarding the performance of the Brazilian insurance market through the end of August 2009


Regulatory change removes prohibition against life insurers selling home and personal casualty insurance
  • Locke Lord LLP
  • Brazil
  • November 12 2009

In a move expressly designed to stimulate competition and reduce prices for personal lines insurance, the Brazilian government recently removed the previously existing prohibition against life insurers selling home and personal casualty insurance