As discussed in our prior post here, the Brazilian reinsurance market was opened to foreign reinsurers for the first time earlier this year. Occasional reinsurer status permits LMIEL to reinsure local insurers and reinsurers in Latin America’s largest insurance market without the need of a local representative office. The Brazilian insurance market is expected to experience double-digit premium growth for at least the next several years, due to foreign investment and relatively low insurance penetration.
If you would be interested in learning more about the Brazilian or other Latin American (re)insurance markets and/or regulatory environments, please click the “Email the Editor” button and provide your contact information for follow-up by an EAPD attorney.