Swiss Re forms Brazilian large corporate insurance JV

Swiss Re Corporate Solutions has agreed to form a joint venture
with Bradesco Seguros, the insurance arm of Bradesco Group, ending
months of speculation about a deal between the two firms.
Under the terms of the deal, which is subject to regulatory
approval, Swiss Re will take a 60 percent stake in the new vehicle,
Swiss Re Corporate Solutions Brasil Seguros, with Bradesco Seguros
taking the remaining 40 percent.
Approximately 40,000 insurance brokers and agents are registered
to Bradesco Seguro