Banco Bradesco is in private talks to sell its high - risk insurance business to Swiss Re for about BRL 800 m ( $ 212.5 m ) , Increased competition and the failure of a predicted infrastructure boom to take shape have resulted in Brazil's largest banks to pull back from high-risk insurance lines. according to a source close to the matter . The bank plans to sell its insurance business that protects construction and infrastructure projects and corporate property and equipment ; and the sale would allow it to focus on its retail insurance business . Brazil 's major banks have pulled back from high - risk insurance lines after facing increased competition and a predicted infrastructure boom that did not happen .
Banco Bradesco is in private talks to sell its high - risk insurance business to Swiss Re for about BRL 800 m ( $ 212.5 m ) , according to a source close to the matter . The bank plans to sell its insurance business that protects construction and infrastructure projects and corporate property and equipment ; and the sale would allow it to focus on its retail insurance business . Brazil 's major banks have pulled back from high - risk insurance lines after facing increased competition and a predicted infrastructure boom that did not happen .