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Africa Re is setting foot in Brazil

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Magazine Issue: 
Insurance in the Gulf between shadow and light [3]
Magazine date: 
Apr 2014
It is at a cocktail hosted on April 1, 2014 for the Brazilian market in Sao Paulo that Africa Re has launched its operations as an occasional reinsurer.
Sao Paulo centre © Ana Paula Hirama [4], CC BY-SA 2.0 [5]

The licence granted by the Brazilian authorities is an important step for the firstAfrican reinsurer who will open, thus, to a leading emerging market.
On the South American continent, Africa Re will be supported by one of its shareholders and local partner IRB- Brazil Re. According to the Brazilian legislation, an occasional reinsurer is not required to have a local office. The direct insurance companies can not cede it him more than 10% of their premiums.

Mon, 05/05/2014 - 11:59

Source URL: https://www.atlas-mag.net/en/article/africa-re-is-setting-foot-in-brazil

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