Austral Re acquires Markel’s run-off operations in Brazil

Austral Re, the Brazilian reinsurer, has acquired the run-off reinsurance operations of Markel Resseguradora do Brasil, and its parent company Markel Participações (Markel Brasil). The value of the deal was not disclosed.

The deal is Austral’s second acquisition in the past two years. Austral Re will integrate Markel’s operations in Brazil into its existing operations.

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