Cambiaso Risso, one of the major international brokers specializing in marine and naval risks, has initiated its activities in Brazil through a joint venture with the Brazilian company Korsa riscos & seguros, which has taken form as Cr Korsa Brasil. The objective is to strengthen the international group's presence in the Brazilian market to expand into other Latin American markets. The new company will be 51% owned by Cambiaso Risso and 49% by Korsa.

The company has initiated its activities in Brazil through a joint venture with the Brazilian company Korsa riscos & seguros; thus, Cr Korsa Brasil has been born. The new company will be 51% owned by Cambiaso Risso and 49% by Korsa. The objective is to strengthen the international group's presence in the Brazilian market to expand into other Latin American markets.

Cr Korsa aims to achieve an annual revenue of $10 million starting from 2028. The company's areas of activity will include maritime transport, ship hull and machinery (hull & machinery), civil liability, ports, offshore operations, oil & gas, energy, superyachts, cargo, and P&i (protection & indemnity). Cr Korsa will also pay particular attention to developing the Brazilian maritime infrastructure, ports, and offshore projects.

With headquarters in Rio de Janeiro, one of the major maritime clusters in the country, the new structure will serve the markets of Southeast, North, and Northeast Brazil, as explained by a note, 'without limitations due to customer size.' James Theodoro, the current CEO of Korsa riscos & seguros, will take on the role of CEO of Cr Korsa Brasil and lead the activities of the new company. 'In addition to our consolidated global leadership in the hull sector and the growing presence in P&i, says Mauro Iguera, CEO of the Cambiaso Risso Group, the America Latina offers the opportunity to further develop the two pillars of our strategy, energy/offshore and reinsurance, in close collaboration with our offices in London and Scandinavia.' One of the distinctive elements of the new operation is the access to international markets. Cambiaso Risso has a global network of specialists dedicated to the marine sector, including a team in London that will support the development of activities originating from Brazil. According to some estimates of the new company, the Brazilian insurance market linked to the maritime, naval, port, and offshore sectors has generated approximately $250 million in premiums, placed in 2025.

The offer of the new company will go beyond traditional activities and will include brokerage insurance and reinsurance; consulting on risks; consulting on risk management; services for client welfare programs for clients in ports, maritime, and oil & gas industries; and program management for corporate welfare… The joint venture between Cambiaso Risso and Korsa riscos & seguros has been approved by the National Bank of Social Services (BNOS), which has established a financing of $1 million for the new company. The approval of the joint venture is due to its ability to create new markets and business opportunities for both parties, stimulating the expansion of the Cambiaso Risso Group and promoting