SulAmérica has as much as US$545mn in excess cash to go after M&A - VP

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Insurance News - Monday, March 1, 2010

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Free Content of the day

* SulAmérica has as much as US$545mn in excess cash to go after M&A - VP - Brazil

Brazilian insurance group SulAmérica has approximately 1bn reais (US$545mn) in excess cash - beyond its solvency and reserve requirements - to pursue an M&A agenda in 2010, corporate VP Arthur Farme d'Amoed Neto told BNamericas.

"We're ready to acquire some smaller targets," d'Amoed said, noting that healthcare, dental and life segments would be the focus, as the group looks at distribution partnerships. "SulAmérica is in a consolidating position - not as a prey, but as a predator."

Several fa ... more
http://www.bnamericas.com/news/insurance/SulAmerica_has_as_much_as_US*545mn_in_excess_cash_to_go_after_M*A_-_VP1/176407021

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In-deph interview
* David Ross, David BattmanCEO of AJG International, director of development & strategy - Arthur J Gallagher (AJG)<p><em>Insurance brokerage Arthur J Gallagher just made its full entry into Brazil in February with the purchase of its long-time correspondent broker partner in the country, Securitas Re - a S&atilde... more

http://www.bnamericas.com/interviews/insurance/David_Ross,_David_Battman_,Arthur_J_Gallagher_,AJG,,/176407021

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