The Brazilian insurance firm attributed the positive results to increased sales of life insurance and pension plans.
Dealers' association raises sales forecasts for this year, which bodes well for the vehicles insurance segment.
Less than a week after the country passed major pension reforms that included restructuring pension-related debt, the agency has shifted to a more stable outlook for the nation's sovereign credit rating.
BNamericas spoke with the CEO of credit insurer Coface Chile, Louis des Cars, about the attractiveness of Latin America for infrastructure investors.
The company seeks to attract partners interested in offering insurance products through Caixa Economica Federal's networks
Pottencial Seguradora decided to extend the period for receiving proposals, as both Axa and Fairfax are reportedly no longer interested.
Recent natural disasters in Mexico now seem likely to hit insurers' bottoms line in 2017, and the government unveiled a raft of new relief efforts for quake victims, including tax breaks and preferential loans.