Austral Re and Terra Brasis start post-merger operation


A newly created, major reinsurer in Brazil, the result of the merger between Austral Re and Terra Brasis, started its operations on Monday, December 2, 2019. With a brand still under development, the new company, which has offices in Rio de Janeiro, Sao Paulo and Bogota, will have nearly R$2 billion  ($475 million) of assets and net worth of almost R$400 million.

Austral Re, Terra Brasis, Mergers & Acquisition, Insurance, Reinsurance, Bruno Freire, Brazil

Intelligent Insurer