Austral Re acquires Markel’s run-off operations in Brazil
Austral Re, the Brazilian reinsurer, has acquired the run-off reinsurance operations of Markel Resseguradora do Brasil, and its parent company Markel Participações (Markel Brasil). The value of the deal was not disclosed.
The deal is Austral’s second acquisition in the past two years. Austral Re will integrate Markel’s operations in Brazil into its existing operations.
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
11 August 2022 An influx of insurtechs in Latin America presents new options for the industry, but reinsurers must approach the opportunity carefully, according to the group CEO of Brazilian re/insurer Austral Re.