|
|
Article: Brazil opens door for international D&O reinsurers; More capacity, better coverage expected.(directors and officers)
- Article from:
- Business Insurance
- Article date:
- August 21, 2006
- Author:
CopyrightCOPYRIGHT 2006 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: ROBERTO CENICEROS
RIO de Janeiro, Brazil-Brazil's monopoly reinsurer has freed up insurers in the country to purchase most of their directors and officers liability reinsurance coverage in international markets.
The move by the government-controlled IRB-Brasil Resseguros S.A. applies to reinsurance treaties negotiated beginning last month and comes as demand for D&O coverage is growing in Brazil, sources say.
The liberalization will likely increase D&O insurance capacity in Brazil and reduce coverage costs, some brokers and risk managers say.
Insurers, however, say they do not foresee a significant impact on their pricing for ...