BR Insurance Corretora de Seguros : Material Fact - Corporate Reorganization

Material Fact

BR Insurance Corretora de Seguros SA ('Company'), in accordance with the provisions of paragraph 4 of article 157 - Law 6404/76 and CVM Instruction n. 358/02, hereby informs its shareholders and the market in general that the Company's Board of Directors approved at a meeting held on December 16, 2017, the election of Mr. Marcos Aurélio Couto (Marcos Couto), as Chief Executive Officer of the Company.

Mr. Marcos Couto has a career of more than 30 years in the insurance industry, having worked in leading positions in insurance companies such as Mitsui Sumitomo, BBM-Seguros da Bahia, CIGNA, INA and as Chief Executive Officer of 'ACE Seguradora' between 2006 and 2011. In the last 5 years, he has led the turnaround of Tempo Participações SA, of which he is Vice-Chairman of the Board of Directors.

In addition, Mr. Marcos Couto was Director of SINDSEG, of FENASAÚDE and is currently Director of ANSP - National Academy of Insurance and Pension Plans.

The current CEO, Mr. Luiz Roberto Mesquita de Salles Oliveira, who led the turnaround process and promoted important achievements for the Company, will actively participate in the transition process to Mr. Marcos Couto over the next few months. On the same time, he will assume the position of Chief Operations Officer, keeping aligned with the Company's Long-term Strategic Planning.

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Disclosure

In order to maintain our commitment to transparency with the market, we inform that Mr. Marcos Couto has a indirect and non-relevant participation in the company To Garantido Corretora de Seguros Ltda., through a fund managed by Duxx Investimentos ('To Guaranteed').

São Paulo, December 18, 2017.

Stephanie Helena Jerg Fazis
Investor Relations Officer and Chief Financial Officer