Brazil appoints new head of insurance watchdog

Brazil has appointed a new head of Susep, its insurance industry watchdog. Luciano Portal Santanna’s departure was made official in a decree signed by President Dilma Rousseff. He had been in the position for two and a half years.

He has been replaced by Roberto Westenberger, former partner of PricewaterhouseCoopers (PwC) and a highly regarded executive in the market.

Susep is responsible for oversight of the insurance, open private pension, annuity and reinsurance sectors in the country.