Swiss Re nears Brazilian JV

Swiss Re is nearing a deal with Brazilian carrier Bradesco
Seguros to create a large risks joint venture, according to local
media reports.
Brazilian daily Valor Econômico reported on Friday
(15 April) that both companies had signed a pre-contract, with a
formal announcement expected next month.
Under the joint venture, which is valued at around 750mn reais
($213mn), Bradesco will transfer its large risks portfolio to Swiss
Re, which will then place it in a separate company, according to
t