CORRECTED-BRIEF-American Savings Bank reports Q1 net income of $15.8 mln
* American Savings Bank net income of $15.8 million for Q1 of 2017 compared to $12.7 million in Q1 of 2016
SAO PAULO Feb 12 BB Seguridade Participações SA , Brazil's largest listed insurance company, is analyzing a potential bid for Itaú Unibanco Holding SA's high-risk corporate insurance portfolio, Chief Financial Officer Leonardo Mattedi said on Wednesday.
Itaú, Brazil's largest bank by market value, put the unit up for sale late last month in a bid to deploy capital more efficiently in coming years. Itaú could fetch about 1 billion reais ($424 million) from the sale, according to Francisco Kops, an analyst at Banco Safra's brokerage unit.
BB Seguridade, which is controlled by state-run banco do Brasil Sa, plans to enter the global market for reinsurance jointly with reinsurer IRB-Brasil, Mattedi and other executives said at an event in São Paulo.
* MX Gold Corp. Continues to earn interest in durango smelter project in Mexico