Allianz Begins Local Brazilian Reinsurance Business

Brazil represents about 50 percent of the market potential to AGCS in South America, and is expected to be the hub of operations in this region.

INN Breaking News, January 15, 2013

Carrie Burns

After receiving its local reinsurer’s license from the supervisory agency for the Brazilian insurance market in December 2012, Allianz Global Corporate & Specialty AG (AGCS) will launch its new legal entity known as Allianz Global Corporate & Specialty Resseguros Brasil S.A, or “AGCS Brazil,” and will introduce two new offices in Rio de Janeiro and São Paulo.

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