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Oil, marine business boost insurer's premiums


Brazil-based insurer Austral Seguradora S.A.'s premiums grew 31% year over year to 422 million Brazilian real ($110 million) in 2018 driven by oil and gas and marine business, reported. The insurer's marine risk segment grew 92% while the oil risk segment increased 65%. Net income totaled more than BRL 22 million.

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