trending Market Intelligence /marketintelligence/en/news-insights/trending/9s_FCDNOjajggpOhnTujWw2 content esgSubNav
In This List

Report: Former BTG partner, others investing 100M reais to launch new insurance firm

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Blog

Top 100 Banks: Capital Ratios Show Resilience to the Pandemic

Blog

Banking Essentials Newsletter: October Edition


Report: Former BTG partner, others investing 100M reais to launch new insurance firm

André Gregori, a former partner at , and a group ofother investors are making a 100 million Brazilian reais investment to launch anew insurance company in Brazil, Agência Estado's Broadcast news servicereported April 4.

The new company is in the process of obtaining regulatoryapproval and is expected to commence operations in the second half of 2016,sources told the news outlet. It will reportedly focus on selling insurancepolicies online.

As of April 4, US$1was equivalent to 3.59 Brazilian reais.