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Provider: Reuters Investment Profile
Provider: Sadif Analytics Prime
Provider: Zeygos
Provider: Sadif Analytics Prime

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CNP Assurances SA's CAIXA SEGUROS to Acquire Previsul

Wednesday, 20 Mar 2013 02:22pm EDT 

CNP Assurances SA announced that it has finalized via its Brazilian subsidiary CAIXA SEGUROS the acquisition of 70% of the outstanding shares of Previsul, a Brazil personal insurer. Completion of the transaction is subject to approval by SUSEP, the Brazilian insurance supervisor. This BRL 70 million (EUR 27 million) investment is aligned with the growth strategy of CAIXA SEGUROS, which is active in life, pension, personal risk, property and casualty and health insurance. Founded in 1906, Previsul is a personal insurer with a portfolio of nearly 600,000 policyholders, 143 employees and close to 3,000 partner brokers. 

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24 Dec 2014