Reinsurers Korean Re and IRB Brasil Re have announced that the pair signed a memorandum of understanding (MOU) on February 24th, 2017 in Rio de Janeiro.
Korean Re President Won Jong-gyu and IRB Brasil Re President Tarcisio Godoy met at Brasil Re’s headquarters in Rio to sign the MOU, which Korean Re says will help bolster its presence in the Latin America marketplace.
Korean Re reported that the two firms agreed to enhance their cooperation in underwritings in both Brazil and Argentina.
