June 24, 2017 7:14 PM ET

Insurance

Company Overview of Bradesco Seguros S/A

Company Overview

Bradesco Seguros S/A, through its subsidiaries, provides a range of insurance solutions for individuals and corporate entities in Brazil. Its products include health and dental, automobile, casualty, life, social security, residential, business, and other insurance solutions, as well as open complementary pension and capitalization plans. The company was founded in 1935 and is based in Barueri, Brazil. Bradesco Seguros S/A operates as a subsidiary of Bradseg Participações S.A.

Avenida Alphaville, 779

Empresarial 18 do Forte

Barueri, SP 06472-900

Brazil

Founded in 1935

Phone:

0800 701 7000

Fax:

55 57 2503 0384

Key Executives for Bradesco Seguros S/A

Chief Executive Officer
Compensation as of Fiscal Year 2016.

Bradesco Seguros S/A Key Developments

Bradesco Seguros Announces Earnings Results for the Fourth Quarter and Full Year 2016; Provides Earnings Guidance for the Year 2017

Bradesco Seguros announced earnings results for the fourth quarter and full year 2016. For the year, the company reported recurring earnings from its insurance, pension plans and savings bond operations increase 5% last year to BRL 5.55 billion. ROAE for 2016 was 23%. For the quarter, recurring net income for the last quarter of the year was BRL 1.51 billion, up 7.1% from the same quarter in 2015. ROAE was 24.9%. For the year 2017, the company expects insurance premiums to grow between 6% and 10% this year.

Swiss Re Corporate Solutions and Bradesco Seguros Launch Joint Venture to Create Commercial Large-Risk Insurer in Brazil

Swiss Re Corporate Solutions Ltd. and Bradesco Seguros S.A. have signed definitive agreements under which Bradesco Seguros will contribute its commercial large-risk portfolio to Swiss Re Corporate Solutions Brasil Seguros S.A. (SRCSB). The agreements include SRCSB's exclusive access to Bradesco Seguros distribution network. Upon closing the transaction, Bradesco Seguros will take a 40% equity stake in SRCSB, while Swiss Re Corporate Solutions Ltd. will retain a 60% stake. As a result of the integration, SRCSB will become a leading commercial large-risk insurer in Brazil.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 13, 2016
Bradesco Seguros S.A., Property, Casualty and Transportation Insurance Operations
 

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