trending Market Intelligence /marketintelligence/en/news-insights/trending/nWgoSspK0f3IW2MgsEn32A2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

XP Investimentos cleared to launch its own insurer

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive


XP Investimentos cleared to launch its own insurer

XP Investimentos has gained regulator clearance from Brazil's Susep to launch its new insurer company, called XP Seguradora, Valor Econômico reported.

As capitalization-focused pension reform progresses through the Brazilian congress, the online broker's insurer arm reportedly has already struck more than two dozen partnership deals with pension funds.

XP itself reportedly holds roughly 11 billion reais in custody from pension plans structured by Icatu, Porto Seguro Sulamerica and Zurich, all of which would technically become competitors.

"Pension will increasingly become an investment solution within a broader, long-term (financial) planning," Roberto Teixeira, who was tapped to structure the new business, was quoted as saying.

Teixeira comes from Itaú Unibanco Holding SA, which purchased 49.9% of XP Investimentos in 2018.

The approval from Susep also enables XP Seguradora to offer life insurance, which the executive hopes to incorporate into its product offering during 2019.

As of March 20, US$1 was equivalent to 3.79 Brazilian reais.