Austral

active

The proposed project is an equity investment (the “Project”) in shares of Austral Participações S.A. (“Austral” or the “Company”). Austral is the holding company of two wholly-owned subsidiaries, Austral Resseguradora S.A., a reinsurance company, and Austral Seguradora S.A., an insurance company. Austral was founded in 2010 by Vinci Partners (“Vinci”), a Brazilian private equity and asset management company.Austral Resseguradora S.A. operates in the following lines of business: Property, Agro, Liability, Engineering, Life and Personal Accident, Health, Marine and Energy, Motor, Aviation and Surety.Austral Seguradora S.A. operates in Surety, Engineering and Oil & Gas.The purpose of this project is to develop innovation and competitiveness in the Brazilian insurance market, by assisting Austral in consolidating its operations, building on IFC’s previous experience of similar investments in the insurance and reinsurance sector around the world. In addition, the IFC investment and stamp of approval would help the company obtain an international rating and expand its operations outside of Brazil.