Banco do Nordeste do Brasil S.A. (BOVESPA:BNBR3) is reportedly close to securing the sale of at least part of its insurance operations to Brazilian insurance firm Icatu Seguros S.A. Negotiations between the two parties are reported to be in advanced stages, with an agreement expected to be announced in the coming weeks. Icatu already being a partner of the bank is noted to have advanced its position in negotiations. Neither party has commented on the matter.