Bradesco lands L'Oreal group life contract

Brazil's largest insurance group Bradesco Seguros has landed a corporate life insurance deal with the Brazilian subsidiary of French cosmetic giant L'Oreal, the insurer said in a statement. Bradesco's life unit Bradesco Vida e Previdencia teamed up with US broker AON (NYSE: AON) to design a group life policy for L'Oreal's 1,900 employees in Brazil. The deal is the result of teamwork between all three parties - insurer, broker and client - to develop tailor-made insurance solutions for different companies, Bradesco Vida e Previdencia director Ademir Henrique Pereira pointed out. Bradesco Seguros is owned by Brazil's largest private sector bank Banco Bradesco (NYSE: BBD).