Insurance Age

Lloyd’s applies for Brazilian licence

Speaking in Rio this morning, Lloyd’s chairman, Lord Levene, highlighted recent legislative changes by the Superintendence of Private Insurance (SUSEP), the increasing force of Brazil’s economy and the growing demand for insurance in the region, as key reasons for the application.

Lord Levene said: “Lloyd’s decision to apply for a licence in Brazil recognises the growing strength of the Brazilian economy and the opportunities this presents for the insurance industry.

“With increased investme

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