Global programs · Brazil
Your local admitted-policy partner in Brazil for global insurance programs
When a multinational program needs boots on the ground in Brazil, GVM is the local broker that arranges and services the admitted policy — in full coordination with the lead broker and global insurers, and without ever competing for your client.
- São Paulo, Brazil
- Service in EN · DE · ES · PT
- SUSEP-registered brokerage
- Specialists in complex & niche risk
Brazil is one of the strictest 'non-admitted' insurance markets in the world: a master policy issued abroad generally cannot legally cover a Brazilian risk. The program needs a local, admitted policy — and a local broker who knows exactly how to place and run it. That is what we do.
Who we work with
Brokers & broker networks
If you lead a global program and need a dependable partner in Brazil, we are your local arm — handling the admitted policy and the local relationship while the client stays yours. Confidentiality and channel respect are non-negotiable.
Risk & insurance managers
If your company runs a global program with operations, assets or projects in Brazil, we structure the compliant local coverage and speak your language — technically and literally.
Why a global program needs a local policy in Brazil
Non-admitted, by law
Foreign insurers cannot underwrite Brazilian risk directly. Covering a local risk without an admitted policy exposes the group to SUSEP penalties — and, in some cases, worse.
A foreign policy may not respond
Even where tolerated, a master policy can fail to pay locally, in local currency, when a Brazilian loss actually happens. The admitted policy is what responds on the ground.
The details trip up outsiders
A mandatory preferential reinsurance offer to local reinsurers (currently 40%), the IOF premium tax, strict premium-settlement rules, everything in BRL. Small mistakes stall the whole program.
How the program works — and where we fit
A controlled master program with local policies, coordinated end to end. We are the Brazil node.
- 1
Master policy abroad
The lead broker and global insurer set the program's terms and limits in the parent country.
- 2
Local admitted policy in Brazil
A SUSEP-authorized insurer issues the local policy, aligned to the master. We arrange it and align the wording.
- 3
Fronting via reinsurance
The local risk is ceded back to the program (usually close to 100%) through reinsurance, respecting Brazil's local-reinsurer rules.
- 4
We service it locally
Issuance follow-through, endorsements, premium and tax handling, claims and reporting — one accountable local contact.
What we handle for you
Local admitted policy
Arranged with a Brazilian-admitted insurer and issued in BRL, sized to the local exposure.
Alignment to the master (DIC/DIL)
We align the local wording to the master and flag gaps, so difference-in-conditions / difference-in-limits can sit where needed.
Regulatory & tax compliance
SUSEP requirements, the preferential reinsurance offer to local reinsurers, IOF and premium-settlement rules — handled correctly.
Local claims
A claim in Brazil is notified, documented and pursued locally, in Portuguese, and reported back to the program.
Program reporting
Premium allocation data, policy status and renewals reported to the lead broker on the program's cadence.
One contact, your language
A single accountable point of contact for the Brazil placement, in English, German, Spanish or Portuguese.
Why brokers trust GVM with Brazil
We never compete for your client
We are a partner broker, not a rival. The relationship stays yours; the Brazil operation is ours to run for you.
Confidential by default
Program data, wordings and client identity are treated as confidential — the way you would expect from a network partner.
Specialists in complex risk
Deep technical command of niche and hard-to-place risks, including clinical trials and engineering.
Independent & network-agnostic
We work with any broker or network. No captive ties — just the right local placement for your program.
Lines we place locally
The most common lines in a Brazilian local policy — and others on request.
- Property & business interruption
- General & product liability
- D&O and financial lines
- Engineering & construction (CAR/EAR)
- Marine cargo & transport
- Clinical trials
- Environmental liability
- Cyber
Track record
- 60k+
- clinical-trial participants protected
- R$ 200M+
- insured capital under management (clinical trials)
- 3 continents
- policies issued across the Americas, Asia and Africa
Frequently asked questions
Do you act as a fronting partner for global programs?
Yes. We are the local broker in Brazil for global programs: we arrange the local admitted policy, align it to the master and coordinate the reinsurance/fronting with the lead broker and insurers.
Is a local admitted policy really mandatory in Brazil?
In the large majority of cases, yes. Brazil is a non-admitted market: local risks must be insured with a SUSEP-authorized insurer, with narrow exceptions where no local cover exists.
Will you respect our relationship with the client?
Always. We work broker-to-broker, under confidentiality, and never approach or compete for your client. The Brazil placement is the only thing we run — on your behalf.
Which lines can you place?
Property, liability, D&O, engineering, marine cargo, clinical trials and more. If a risk finds no local appetite, we also source reinsurance capacity, national and international.
How fast can the local policy be issued?
It depends on the line, the information available and the insurer, but a well-prepared placement moves quickly. Send us the master terms and the local exposure and we'll give you a realistic timeline.
Do you belong to a broker network?
We are independent and network-agnostic — we partner with any broker or network that needs a trusted local arm in Brazil.
In which languages do you work?
English, German, Spanish and Portuguese — both in the technical structuring and in day-to-day coordination with your global teams.
Let's set up your Brazil placement
Tell us about the program and the local exposure. We'll come back with the structure and a realistic path to a compliant local policy — no obligation.