This report includes an excellent review of the insurance market in Brazil which is growing rapidly.
W R Berkley (BER) has in recent years established a business subsidiary in Brazil.
http://72.14.253.104/search?q=cache:ajXvswj4FGoJ:www.benfieldgroup.com/NR/rdonlyres/A9317CDE-963C-4B96-8960-6D5F5DC6C175/0/LAMarketReview2007.pdf+insurance+latin+america&hl=en&ct=clnk&cd=9&gl=au
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