Porto Seguro

Itaú Unibanco will pay 120mn reais (US$69.5mn) for XL's share, according to Brazilian daily Valor Econômico. Read More

The board of Brazilian insurance company SulAmérica has decided to buy 1.05mn units, which are composed of one common and two preferred shares a piece, a day after JV partner Banco do Brasil ( BB ) announced its intention to pair up with Spanish insurance group Mapfre on life, auto and other P&C products. Read More

Federally controlled Banco do Brasil ( BB ) plans to form a strategic alliance with Spanish insurance group Mapfre and buy out at least one stake in a JV with another current partner, SulAmérica , the bank said in a securities filing. Read More

Brazil's second largest private sector bank Bradesco (NYSE: BBD) has seen the problems in financial markets internationally over the last year and plans to continue to expand in Brazil rather than risking international expansion, the bank's chairman Lázaro de Mello Brandão told a conference of analysts and investors. Read More

Brazil's second largest private sector bank Bradesco (NYSE: BBD) is not negotiating the purchase of Dutch group ING's (NYSE: ING) 21% stake in local insurer SulAmérica , an executive at the bank's IR department confirmed to BNamericas. Read More

There are only seven self-titled "astronomic hotels" in the world - places whose main selling point are their night-sky views - and Elqui Domos is the only one in the southern hemisphere. Read More

In the highly competitive industry of automobile insurance, the differences between premiums are one of the single biggest ways insurers differentiate themselves. Read More

Brazilian banks have been on a tear this year, with both Itau- Unibanco ( ITUB ) and Banco de Bradesca ( BBD ) returning more than 100% year to date. Read More

Moody's Investors Service has placed on review for possible downgrade Itaú Seguros' A2 global local currency (GLC) insurance financial strength (IFS) rating and has affirmed the company's Aaa.br IFS rating on the Brazilian national scale, with a stable outlook. Read More

Itau Unibanco, Brazil's biggest private sector bank by assets, agreed on Monday to merge its automobile and residential insurance business with local insurer Porto Seguro. Read More