, the insurance brokerage ofBanestes SA - Banco do Estado doEspírito Santo, has established an exclusive marketing agreementwith Icatu SegurosS.A. and Icatu Capitalization S.A., Banestes said in a securitiesfiling May 3.

Underthe agreement, Icatu will exclusively sell Banestes' insurance and pensionproducts for a period of 20 years, the filing said. Banestes' board approvedthe agreement in a meeting on April 25.