ARTICLE · 06 JULY 2018

Amendments To Resolution CNSP No. 168/07 Regarding Ceding Risk And Preferred Offer

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At the end of last year, the Conselho Nacional de Seguros Privados[1] (CNSP) reformulated important rules regarding the intragroup reinsurance ceding and the preferential ...

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At the end of last year, the Conselho Nacional de Seguros Privados¹ (CNSP) reformulated important rules regarding the intragroup reinsurance ceding and the preferential offer to local reinsurers through Resolution CNSP no. 353, dated December 20^th, 2017.

The resolution's purpose was to amend Articles 14 and 15 of Resolution CNSP no. 168/07, which regulates reinsurance and retrocession operations since the opening of the reinsurance market, that subsidizes Complementary Law no. 126/2007.

Article 14 establishes the rules of an excess placement in intragroup reinsurance. As of Resolution CNSP no. 353/17, the cedent is allowed to transfer the risk to reinsurers and retrocessionaires that are member of the same economic group, even when based abroad, without any percentage limitations.

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