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Banestes Seguros CEO dies

Banestes SA - Banco do Estado do Espírito Santo said Elcio Alvares, the CEO of its unit Banestes Seguros SA, died Dec. 9.

Alvares had been CEO of the insurance unit since February 2015. He was also a director of Sindicato das Empresas de Seguros Rio de Janeiro/Espírito Santo, an insurance union.