Swiss Reinsurance America Corporation and Swiss ReinsuranceCompany Ltd. said that the firms have been officially recognized asadmitted reinsurers by Susep, the Brazilian insuranceregulator.
The companies reported that official approval giving them theability to sell reinsurance in the newly deregulated Brazilmarketplace was announced in the Brazilian Official Gazetteyesterday.
Beat Strebel, head of Swiss Re's Latin America operations, said,“Swiss Re is pleased to officially become an admitted reinsurer inBrazil. Swiss Re has a long history of involvement in Brazil withmore than 50 years of business relationships, and we havemaintained an office in the country for 12 years.”
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