On January 1, 2023, two new rules regarding reinsurance came into force: (i) Brazilian National Private Insurance Council (CNSP) Resolution No. 451/2022; and (ii) Superintendence of Private Insurance (SUSEP) Circular No. 683/2022 The rules provide for the cession and acceptance of reinsurance and retrocession operations and their intermediation, coinsurance operations, operations in foreign currency, and insurance contracts abroad.
Fonte: Tozzini Freire, em 18.01.2023.