CNP Assurances and Embracon Form a New Force in Brazil's Consórcio Market

CNP Assurances Group and Embracon have finalized their strategic merger in the consórcio market, establishing the second-largest independent group in Brazil. This deal includes incorporating CNP Consórcio into Embracon, with CNP Assurances acquiring 40% of Embracon's shares. The merger aims to expand CNP Assurances' presence in Brazil, enhancing its distribution channels and supporting its Lead for Impact strategic plan.

This combination strengthens CNP Assurances’ foothold in Brazil's growing consórcio market, leveraging Embracon's comprehensive network of 149 branches, 2,500 sales advisers, and substantial digital reach. The collaboration is poised to advance financial inclusion through long-term financial solutions. Approved by authorities, this move underscores CNP Assurances' commitment to expanding its operations and delivering inclusive protection for customers.