Swiss Re Says Brazil to See High Growth on Spending

Swiss Reinsurance Co., the world’s second-biggest reinsurer, said Brazil’s infrastructure spending as it prepares for the 2014 World Cup soccer tournament and the 2016 Olympics means the country will be a “high-growth market” for the company.

Most revenue gains for the Zurich-based company will be in emerging markets such as Latin America, while those in the U.S. and other developed countries remain “flat to low,” said Walter Bell, chairman of the Swiss Re unit for U.S., Canada and Brazil.