Sompo Japan expands presence in Brazil
Japanese general insurer Sompo Japan has raised its stake in Sao Paulo-based Maritima Seguros to 87% from 50% through its subsidiary Yasuda Seguros.
Sompo Japan's holding company NKSJ Holdings has confirmed Yasuda Seguros bought a 37% stake in Maritima for 9.62bn yen ($99.4m), raising its overall share to 87%. It originally bought a 50% stake in
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