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Brazil: Reinsurance coverage oblige to place certain risks with local reinsurers

Description

On December 6, 2010, the National Council of Private Insurance from Brazil issued Resolution 225 obliging foreign reinsurers to place 40% of any reinsurance coverage with local reinsurers. Previously,...

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Intervention Details

Intervention Type

FDI: Treatment and operations, nes

MAST Chapter

FDI measures

Implementation date

31 Mar 2011

Revocation date

31 Dec 2016

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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