Brazil · Brazil · class X

Specialty / Credit / Captive insurance companies in Brazil

19 licensed specialty / credit / captive insurers, 9% of the 202 insurance entities supervised by the Superintendencia de Seguros Privados (SUSEP); ANS for health plans. Credit, trade, legal-expenses, captive, agricultural, statutory-scheme or other specialist carriers.

CompanyClassParent / groupOwnershipRegulatorVerification
Agência Brasileira Gestora De Fundos Garantidores E Garantias S.A. – Abgf
SUSEP code 02739; Active in SES base (Aug 2026)
XSpecialty / Credit / CaptiveBrazilian GovernmentState-owned / parastatalSUSEP / ANSVerified
Andrina Sociedade Seguradora De Proposito Especifico S.A
SUSEP code 03221; Active in SES base (Aug 2026)
XSpecialty / Credit / CaptiveSSPEDomestic privateSUSEP / ANSVerified
Atradius Crédito Y Caución Seguradora S.A.
SUSEP code 02020; Active in SES base (Aug 2026)
XSpecialty / Credit / CaptiveGCOForeign multinationalSUSEP / ANSVerified
Btg Pactual Sociedade Seguradora De Propósito Específico S.A.
SUSEP code 03191; Active in SES base (Aug 2026)
XSpecialty / Credit / CaptiveBTG PactualDomestic privateSUSEP / ANSVerified
Cardif Do Brasil Seguros E Garantias S.A.
SUSEP code 02933; Active in SES base (Aug 2026)
XSpecialty / Credit / CaptiveBNP ParibasIAIGForeign multinationalSUSEP / ANSVerified
Cescebrasil Seguros De Crédito S.A.
SUSEP code 02763; Active in SES base (Aug 2026)
XSpecialty / Credit / CaptiveCesceForeign multinationalSUSEP / ANSVerified
Cescebrasil Seguros De Garantias E Crédito S.A.
SUSEP code 06998; Active in SES base (Aug 2026)
XSpecialty / Credit / CaptiveCesceForeign multinationalSUSEP / ANSVerified
Coface Do Brasil Seguros De Crédito S/A
SUSEP code 03328; Active in SES base (Aug 2026)
XSpecialty / Credit / CaptiveChubbIAIGForeign multinationalSUSEP / ANSVerified
Companhia Capital De Seguros - Microsseguradora
SUSEP code 04936; Active in SES base (Aug 2026)
XSpecialty / Credit / CaptiveCapitalDomestic privateSUSEP / ANSVerified
Crédito Y Caución Seguradora De Crédito À Exportação S.A.
SUSEP code 02721; Active in SES base (Aug 2026)
XSpecialty / Credit / CaptiveGCOForeign multinationalSUSEP / ANSVerified
Euler Hermes Seguros De Crédito À Exportação S.A.
SUSEP code 04812; Active in SES base (Aug 2026)
XSpecialty / Credit / CaptiveAllianz TradeIAIGForeign multinationalSUSEP / ANSVerified
Fam Seguradora De Crédito E Garantia S.A.
SUSEP code 03956; Active in SES base (Aug 2026)
XSpecialty / Credit / CaptiveFAMDomestic privateSUSEP / ANSVerified
Galápagos Capital Sociedade Seguradora De Propósito Específico S.A.
SUSEP code 02747; Active in SES base (Aug 2026)
XSpecialty / Credit / CaptiveGalapagos CapitalDomestic privateSUSEP / ANSVerified
Liberty Mutual Surety Brasil Seguros S.A.
SUSEP code 03964; Active in SES base (Aug 2026)
XSpecialty / Credit / CaptiveLiberty MutualIAIGForeign multinationalSUSEP / ANSVerified
Mapfre Seguradora De Crédito À Exportação S.A.
SUSEP code 06718; Active in SES base (Aug 2026)
XSpecialty / Credit / CaptiveMapfreIAIGForeign multinationalSUSEP / ANSVerified
Seguradora Brasileira De Crédito À Exportação S.A.
SUSEP code 06335; Active in SES base (Aug 2026)
XSpecialty / Credit / CaptiveSBCEDomestic privateSUSEP / ANSVerified
Sky Seguradora S.A. - Microsseguradora
SUSEP code 03638; Active in SES base (Aug 2026)
XSpecialty / Credit / CaptiveSkyDomestic privateSUSEP / ANSVerified
Ubf Garantias & Seguros S.A.
SUSEP code 06769; Active in SES base (Aug 2026)
XSpecialty / Credit / CaptiveUBFDomestic privateSUSEP / ANSVerified
Virginia Surety Companhia De Seguros Do Brasil
SUSEP code 06530; Active in SES base (Aug 2026)
XSpecialty / Credit / CaptiveAssurantForeign multinationalSUSEP / ANSVerified

About specialty / credit / captive insurers in Brazil

How many specialty / credit / captive insurers are licensed in Brazil?

19 of the 202 licensed insurance entities in Brazil are classified as specialty / credit / captive (9%), according to the SUSEP / ANS register as reflected in this directory (verified - susep company master).

Who regulates specialty / credit / captive insurers in Brazil?

Superintendencia de Seguros Privados (SUSEP); ANS for health plans (SUSEP / ANS), under 153 insurers, 12 EAPC, 17 capitalizacao, 15 local + 25 admitted reinsurers (Mar 2026); health plan operators under ANS. Official website: https://gov.br/susep.

Are the specialty / credit / captive insurers in Brazil locally or foreign owned?

10 of 19 belong to regional or foreign multinational groups (including GCO, BNP Paribas, Cesce, Chubb), 1 are state-owned, and the rest are domestic private companies.

Data: /api/v1/countries/brazil.json (filter by class = "specialty-credit-captive"). Licence CC BY 4.0, attribute KAFS North America.