trending Market Intelligence /marketintelligence/en/news-insights/trending/Wc1uVQtDTJBff3vXh9RePw2 content esgSubNav
In This List

Brazil's Banrisul, Icatu Seguros team up to establish new marketing firm

Blog

Banking Essentials Newsletter: January 11th Edition

Blog

Banking Essentials Newsletter December 21st Edition

Blog

The Road to Basel IV: Navigating the challenge facing European banks

Blog

Basel Framework- Utilizing data to analyze the capital position of European banks.


Brazil's Banrisul, Icatu Seguros team up to establish new marketing firm

Banco do Estado do Rio Grande do Sul SA, or Banrisul, has teamed up with Icatu Seguros SA to establish a company that will have 20-year exclusivity in the marketing of the bank's capitalization products.

The company will become a subsidiary of Banrisul Icatu Participações SA, a holding company in which Banrisul and Icatu Seguros own 49.99% and 50.01% of the shares, respectively.

Through the partnership, Banrisul aims to consolidate its prominent position in the marketing of capitalization products in the state of Rio Grande do Sul and Brazil's southern region, as well as diversify and increase its revenue sources.

The operation is subject to the approval of Banco Central do Brasil, insurance regulator SUSEP and antitrust regulator Cade.