The Larragoiti family has increased its stake in SulAmérica to 28.1% by acquiring shares from ING and Swiss Re, which has become a minority shareholder with a 14.9% stake, in a deal aimed at complying with European Commission regulations.
Target Information
SulAmérica is the largest independent insurance group in Brazil, with operations spanning various segments of the insurance industry. As of December 2012, SulAmérica supported its diverse business lines through an extensive distribution network consisting of over 30,000 independent insurance brokers. The company has also formed partnerships with more than 20 retail financial institutions, collectively providing over 16,000 points of sale across the country.
Industry Overview
The Brazilian insurance industry is experiencing significant transformation, driven by advancements in technology and changing consumer behaviors. With rising middle-class income levels, more Brazilians are seeking insurance products, contributing to growth in both the life and property insurance sectors. Regulatory frameworks are also evolving to ensure greater transparency and consumer protection, which further enhances investor confidence and market integrity.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Moreover, the COVID-19 pandemic has accelerated the adoption of digital insurance solutions, prompting companies to innovate in customer service and product offerings. This shift is making the industry more co
Similar Deals
Swiss Re
invested in
SulAmérica
in
in a Other deal