Mapfre and Banco Do Brasil agree link-up
Spanish insurer Mapfre has formed a strategic alliance with financial institution Banco Do Brasil to form one of the largest insurance groups in the South American country.
The alliance has resulted in a 17% share of the Brazilian market, with premiums of €3.5bn (£2.7bn), with €1.9bn of business in the non-life sector.
According to Mapfre, the group becomes the leading
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