In brief: CNP Assurances consolidates its positions in the Brazilian alternative credit market

Insurer of goods and persons, the group LWOP Insurance has just announced its entry into the capital, up to 40%, of the company Embracon, specialist in "consorcio", an alternative to financing for consumers with limited access to traditional borrowing.

CNP Assurances today consolidates its positions in Brazil while the French actor already operates there thanks to a partnership with CaixaBank under the brand CNP Seguradora, since 2001.

Today, he will also be able to count on Embracon with whom he has just signed an agreement to create a local leader of "consorcio". CNP Assurances would take 40% of Embracon's shares, with 60% remaining to its founders.

This new partnership allows CNP Assurances to strengthen its multi-partner and digital model in Latin America as the group also plans to consolidate its distribution ecosystem combining physical (with 149 agencies) and digital networks.

This transaction is expected to be completed in the course of 2026 after obtaining regulatory approvals.

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