Global Trade Alert
Global Trade Alert

Brazil: Restrictions imposed to foreign reinsurers

Announcement

06 Dec 2010

The Brazilian Government prohibited reinsurers from transferring business to an intra-group reinsurer that is authorised abroad.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

31 Jan 2011

Revocation date:

31 Mar 2011

Announced: 06 Dec 2010
FDI: Treatment and operations, nes
On December 6, 2010, the National Council of Private Insurance from Brazil issued Resolution 224 forbidding reinsurers that are authorised to operate within Brazil from transferring business to associ...
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