NOTICE TO THE MARKET

Brasil Insurance Participações e Administração S.A. ('Company'), in accordance with the terms of CVM Instruction 358/2002, and amendments thereof, hereby informs its shareholders and the market that have received correspondence from Banco J.P. Morgan S.A., the investment manager of Atacama Multimercado - Fundo de Investimento ('Atacama'), enrolled in CNPJ Nº 04885503/0001-42, stating that the fund mentioned above acquired 702,995 common shares, of which the last transaction was settled on December 08, 2015.

Thus, based on the Company's capital, the participation of Atacama now represents approximately 13.59% of the common shares issued. Other information are available in the attachment below.

São Paulo, December 09, 2015.

Bruno Gonçalves Carobrez
Chief Financial and Investor Relations Officer

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