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FM Seguros Obtains License to Operate as an Insurer in Brazil
FM Seguros Obtains License to Operate as an Insurer in Brazil
August 20, 2025
FM announced that its wholly owned subsidiary headquartered in São Paulo, FM Seguros S.A., has obtained a license to operate as an insurer in Brazil. The new operation represents a significant milestone in the company's strategic expansion and will allow it to offer coverage to clients as a licensed insurer throughout the national territory starting in 2026.
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Reference: Emergency Services Levy
Reference: Emergency Services Levy
June 12, 2025
The ESL provides funding for the NSW fire and emergency services which is currently collected through a levy on insurance policies. FM has estimated that to meet the funding obligations to the fire and emergency services a rate of 25.5% will need to be...
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