The program, launched by local stock exchange, seeks to increase governance standards of state controlled companies.
The US insurer has sold operations in Latin America and Europe to Canada's Fairfax Financial Holdings.
The unit would be linked to the country's average nominal salary index.
The reform is considered crucial to contain government debt and spending, but seems unlikely to pass through congress. Even though congress threw out President Temer's impeachment, he would need even more support to get a meaningful pension reform.
The concessionaire owned by Triunfo and UTC, missed payments for Viracopos, and later returned the concession.
National insurance and banking watchdog CNBS to oversee investment operations of public pension providers.
The move comes as vehicle sales and pressure on authorized repair shops grow.
The nation's insurance association has noted an increase in sales of unsanctioned health policies carried out by private clinics.