France's CNP and Brazil's Caixa create new insurance joint venture - filing

SAO PAULO (Reuters) - The insurance unit of Brazil's state-owned lender Caixa Economica Federal has agreed to create a new joint venture with France's CNP Assurances SA to sell life insurance products in the bank's more than 4,000 branches in the country. In a securities filing, Caixa said CNP will pay 4.65 billion reais (868.64 million pounds)for a 40 percent stake in the joint venture, that has a contract to sell life insurance contracts through 2041. Caixa will own the remaining 60..