This paper surveys the formation and development of insurance business in Brazil. It describes its very first steps, from the colonial times and imperial era to recent events. Particular attention is given to regulatory changes, showing how they evolved in response to macroeconomic shocks that...

1. Brazil and the GATT, 1947-1980 Early years: GATT and ITO The first 20 years: rich men’s club and free riders Brazil and the Tokyo Round 2. Skirmishes before the Uruguay Round, 1980-86 3. The Uruguay Round, 1986-1994 4. Brazil and the GATT, 1980-1994 5. Brazil and the WTO after the Uruguay...