Barbosa Müssnich and Tozzini advise on acquisition of CGU Seguros

Royal & SunAlliance Group’s Brazilian subsidiary, Royal & SunAlliance Brasil, has bought the Rio-based insurance company CGU Seguros for R$51.5 million (US$21.5 million). The deal, closed in December, resulted in a new company, Royal & SunAlliance Seguros. With this new structure, the insurance company will have the opportunity to further strengthen its presence in the Brazilian market.