Company: BBD
Filing Date: 2025-05-30
Form Type: 6-K
Source: 0001292814-25-002283
Chunk: 76

Company: BANK BRADESCO
Filing Date: 2025-05-30
Form: 6-K
Chunk 76
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 are major investors in the Brazilian financial
markets and are subject to CMN rules and conditions for their investments and coverage of technical reserves.

Insurance
companies may not, among other activities:

| · | act as financial institutions by lending or providing guarantees; |

| · | trade in securities (subject to exceptions); or |

| · | invest outside of Brazil without specific permission from the authorities. |

| 61 – Reference Form – 2024 |

| 1. Issuer’s activities |

Insurance
companies must operate within certain retention limits approved by SUSEP pursuant to CNSP rules. These rules reflect the economic and
financial situation of insurance companies and the conditions of their portfolios. Insurers must also meet certain capital requirements
as provided by SUSEP regulations.

Regarding
the assignment of the risk, under Complementary Law No. 126/07, the ceding party (local insurer or reinsurer) must offer local reinsurers
preference when contracting reinsurance or retrocession in the percentage of 40% of risks ceded.

The
Complementary Law also places more severe restrictions on ceding risk to foreign reinsurance companies and contracting of insurance abroad.
Insurance companies must reinsure amounts exceeding their retention limits.

Since
CNSP Resolution No. 168/07 was amended by CNSP Resolution No. 353/17, it does not require the insurance company to utilize a minimum number
of local reinsurers. However, in accordance with Article 15 of the CNSP Resolution No. 168/07, the insurance company needed to give preference
to local reinsurers in at least 40% of the assignment of reinsurance agreements to each automatic or optional contract. In addition, as
per CNSP Resolution No. 168/07, there were no more limits on the transference of risks by insurers to companies that belong to its financial
conglomerate. Pursuant to its amendment by CNSP Resolution No. 353/17, it was established that reinsurance and retrocession operations
within the same economic conglomerate should "ensure the effective transfer of risk between the parties" and "take place
under conditions of fair competition".

Subsequently,
Resolution CNSP No. 168/07 was revoked by Resolution CNSP No. 451/22, regulated by Circular No. 683/22, which provides for the transfer
and acceptance of reinsurance and retrocession operations and their intermediation, coinsurance operations, foreign currency operations
and insurance contracts abroad. These rules provide for