trending Market Intelligence /marketintelligence/en/news-insights/trending/tjZo1jLQZbEF6aY5MZQ0yg2 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

IRB-Brasil inks reinsurance deal with Banco C6, agrees to buy B3i stake

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report

Fintech

Fintech Funding Flows To Insurtech In February

Lemonade Growing Premiums Faster Than Esurance's Homeowners Business Did


IRB-Brasil inks reinsurance deal with Banco C6, agrees to buy B3i stake

IRB-Brasil Resseguros SA has reach two agreements to accelerate its growth following a secondary share offering that turned it into a fully publicly held corporation.

The company announced a subscription agreement to buy an 8.93% stake in Switzerland-based B3i Services AG for €3.5 million. At the same time, it reached a 10-year operational reinsurance deal with Banco C6 SA and C6 Corretora de Seguros Ltda.

Under the latter deal, IRB-Brasil will be the leading reinsurer of the credit life insurance business generated on C6's platform. Retention of the generated business will be split 85% for IRB-Brasil and 15% for the insurer.

The C6 agreement also includes other business segments, except for health, auto and dental lines. It does not include payments by IRB-Brasil beyond the reinsurance commission on a market basis.

"This [C6] deal is part of IRB-Brasil Re's wider strategy to sign partnerships with Brazilian and South American fintechs with value propositions similar to the company's," the company said in a statement.

The B3i Services stake purchase will give IRB-Brasil the right to appoint one member to B3i's board and to participate in setting the firm's strategic guidance.

B3i is a global technology development firm that focuses on the insurance and reinsurance segments, including the registration of transactions through a blockchain platform.