News

MATERIAL FACT

Brasil Insurance Participações e Administração S.A. (“Company”), a publicly held company with common shares traded on the Novo Mercado of the Bovespa under the ticker BRIN3, pursuant to CVM Rule 358/2001, hereby informs its shareholders and the market in general that, in line with its strategy of growth through acquisition of interest in insurance and reinsurance brokerages, it signed an agreement on March 28, 2011 acquiring the control of Classic Corretora de Seguros, the 29th brokerage of the Brasil Insurance Group. Classic Corretora, headquartered in São Paulo city and with extensive presence throughout Brazil, is an insurance brokerage specializing in bulk insurance, with a client portfolio of 6 million individuals, acquired through alliances with retail and financial chains. In 2010, it had insurance premiums of nearly R$ 80 million.

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