September 29, 2017 / 10:46 AM / a year ago

Brazil's Caixa Seguridade reaches new distribution deal with CNP

SAO PAULO, Sept 29 (Reuters) - Brazilian insurer Caixa Seguridade Participações SA reached a new distribution deal with France's CNP Assurances SA through 2041, a securities filing on Friday showed.

Under the non-binding agreement, CNP and Caixa Seguridade, the insurance unit of state lender Caixa Econômica Federal, will form a partnership known as Nova JV.

Talks between CNP and Caixa Securidade had been going on for months, with their previous agreement set to expire in February 2021. (Reporting by Bruno Federowski; editing by Alexander Smith)

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