MATERIAL FACT

BRASIL INSURANCE PARTICIPAÇÕES E ADMINISTRAÇÃO S.A. ("Company") hereby informs that, in view of the publication, on March 26, 2015, of the minutes of extraordinary shareholders' meetings which approved the acquisitions of I.S.M. Corretora de Seguros Ltda. ("ISM") and of Fidelle Administradora e Corretora de Seguros e Prestadora de Serviços Ltda. ("Fidelle"), the thirty-day term for shareholders to exercise their withdrawal rights ended last Monday, April 27, 2015.

The withdrawal right was exercised by shareholders holding (i) 1,611,249 shares, totaling R$ 8,587,957, in the case of ISM, and (ii) 3,342,288 shares, totaling R$ 18,115,201, in the case of Fidelle, excluding the statements of the shareholders who did not meet the legal requirements to exercise the abovementioned right.

Management shall summon shareholders' meetings, within the legal term, as provided for in article 137, paragraph 3, of Law 6404/76, to ratify or reconsider each of the resolutions that generated the withdrawal right. If the resolution is reconsidered, no withdrawal or refund shall occur. If the resolutions is ratified, the company will inform the market the payment date of the refund.

São Paulo, April 29, 2015

Miguel Longo Junior
Chief Financial and Investor Relations Officer

Investor Relations
Tel.: +55 11 3175-2900
E-mail: ir@brinsurance.com.br

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