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Brazilian insurers' profit rises 14%

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Data from Brazil's insurance regulator showed that local insurers' net income grew nearly 14% year over year to 12.5 billion Brazilian real ($3.2 billion) in the first 10 months, Segs.com reported. The insurers' net income totaled nearly BRL 11 billion in the first 10 months of 2017. The data showed that Bradesco Seguros S/A's profit totaled more than BRL 4 billion while BB Seguros Participacoes S.A.'s profit totaled BRL 2.4 billion.

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