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Brazil's insurance confederation said that local insurers' revenues grew more than 8% year over year to 125 billion Brazilian real ($30 billion) in the first half of this year driven by damage and liabilities segments, Segs.com reported. Damage and liabilities business grew 5.5% with maritime and aeronautics sectors accounting for about 32% of the growth.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms