In response to Funenseg, Susep launches criticism.

Marco Damiani _247 – In response to the article 'Susep Pressures Funenseg for the Appointment of a Financial Director', published on Monday the 18th by 247, the Superintendence of Private Insurance (Susep), an agency linked to the Ministry of Finance, produced an official statement.

In its reply, Susep launches its own barrage of criticisms against Funenseg. Before stating that, at the end of 2011, Superintendent Luciano Portal Santanna nominated Ivo Bucaresky for a position in the institution's "teaching and research area," the letter denies that the requested position was that of financial director. To Bittar's argument, presented to 247, that Bucaresky did not have an adequate curriculum for the post, Susep's text strongly contradicts it. As if it were a boxing match, it would be at waist level, or even below: "The qualifications of the nominee, who has an unblemished reputation, academic curriculum, and experience in relevant public functions, do not deviate from this purpose. Perhaps they do, however, deviate from the logic currently existing in a Higher Education Institution whose president does not even possess an undergraduate degree." Going!

Below is the statement from Susep sent to 247:

SUSEP has NEVER recommended any appointment to the position of Financial Director of FUNENSEG.

The Superintendence of Private Insurance - SUSEP, through this note, clarifies an article published on the Brasil247 website entitled "Susep pressures Funenseg for the appointment of a financial director". We clarify that the report was based solely and exclusively on information provided by the source who authored the text: the president of the National School of Insurance Foundation - FUNENSEG and Vice-President of the National Federation of Insurance Brokers - FENACOR, Robert Bittar.

First, it is necessary to clarify that SUSEP is a founding entity of the National School of Insurance, created in 1971 along with the Brazilian Reinsurance Institute - IRB and the Federation of Insurance Companies – FENASEG, currently called FENSEG. Thus, and also in its capacity as its maintainer, the regulatory body has the legitimacy to participate in the management of the entity, as has already occurred in the past, aiming at improving teaching and research at that institution and adapting them to public interests.

Furthermore, one of the main activities of the National School of Insurance is conducting courses and exams for the licensing and registration of brokers with SUSEP (Superintendence of Private Insurance). In this sense, understanding that FUNENSEG (National Foundation of Insurance) could improve its performance, especially with better quality and offering of courses and also by practicing more accessible prices for members of the insurance market, particularly insurance brokerage, the Superintendent of SUSEP, Luciano Portal Santanna, at the end of 2011, appointed Mr. Ivo Bucaresky, a postgraduate and master's degree holder in economics, to a position related to teaching and research at FUNENSEG.

The nominee's qualifications, with an impeccable reputation, academic background, and experience in relevant public roles, are consistent with this purpose. Perhaps they do align with the current logic of a university whose president doesn't even hold an undergraduate degree.

Any claim that there was a demand for the position of financial director, which does not even exist in the entity's organizational chart, is untrue.

The information that a conversation took place days ago is also untrue. Since the last meeting of the FUNENSEG Board of Directors, held in February of this year, there has been no meeting or conversation between the Superintendent of SUSEP and the President of that educational institution.

Finally, it should be noted that SUSEP has been working to curb irregularities in the insurance market. This brings us to SUSEP's decision to terminate agreements between Seguradora Líder do Consórcio DPVAT, FUNENSEG, and FENACOR, through which millions of reais were transferred on a fixed monthly basis without clarity or proportionality to the service provided. Although Seguradora Líder promptly and willingly complied with the agency's decisions, economic interests were thwarted.

In this regard, SUSEP (Superintendence of Private Insurance) is deeply concerned about the financial management of FUNENSEG, whose revenue source is predominantly DPVAT (Compulsory Traffic Accident Insurance). How can one not question, as the maintaining entity, an organization that transfers resources, as sponsorship, to FENACOR (National Federation of Insurance Brokers) and Insurance Brokers' Unions, and whose advertising expenses exceed its revenue from its courses?

SUSEP will not be intimidated in fulfilling its role of ensuring the proper use of resources by the School it founded along with other renowned institutions.

Finally, we inform you that appropriate measures will be evaluated in order to clarify the facts and potentially hold those responsible for the content of the article accountable.