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IRB Brasil Re

IRB Brasil Re announces $673mn secondary share offering

15th February 2019

Brazilian reinsurance firm IRB Brasil Re has announced a secondary share offering that is expected to raise around 2.5 billion reais ($673.27 million). The company has now confirmed reports from sources at Reuters earlier this month, who said that a government fund managed by state-run bank Caixa Economica Federal was ... Read the full article

IRB Brasil Re preparing for $650mn follow-on offering to IPO, say sources

7th February 2019

Brazilian reinsurance firm IRB Brasil Resseguros S.A. (IRB Brasil Re) is reportedly preparing for a secondary share offering involving at least 9% of its capital, according to sources at Reuters. State-run bank Caixa Economica Federal is expected to sell an 8.9% stake in IRB, worth around 2.4 billion reais (US $648.4 ... Read the full article

IRB Brasil Re sells stake in UAIC to Quest Group for $5.3mn

12th April 2018

IRB International Corporation, a subsidiary of IRB Brasil Resseguros S.A. (IRB Brasil Re), has announced plans to sell its stake in United Americas Insurance Company (UAIC) for US $5.3 million to Quest Group Holdings Limited, a re/insurance market investor. IRB International has already entered a Share Purchase Agreement (SPA) with an affiliate ... Read the full article

IRB Brasil Re prices IPO: Report

28th July 2017

Brazilian reinsurance firm IRB Brasil Resseguros S.A. (IRB Brasil Re) has priced its initial public offering, according to a report from Reuters, with the value and volume snapped up falling below expectations. The IPO pricing puts shares at 27.24 reais (US $8.64) a share on Thursday, data from the Brazilian Securities ... Read the full article

Buffett’s Berkshire Hathaway in talks to acquire IRB Brasil Re stake: Reports

25th July 2017

Bloomberg has reported that Warren Buffett's Berkshire Hathaway is in talks to acquire a stake in Brazilian reinsurer, IRB Brasil Resseguros S.A. (IRB Brasil Re), after the Rio de Janeiro-based firm launched an initial public offering (IPO) on Friday July 7th, 2017. Reinsurance News reported that IRB Brasil Re, Brazil's largest ... Read the full article

IRB Brasil RE licenses RMS’ China & India agricultural models

24th July 2017

Brazilian reinsurer, IRB Brasil RE, has licensed RMS' China and India agricultural models in an effort to expand its presence in the global reinsurance market. Global catastrophe risk modeller and analytics firm, RMS, announced recently that IRB Brasil RE has licensed the RMS® China Agricultural Model and RMS® India Agricultural Model, as ... Read the full article

IRB Brasil Re initial public offering underway

10th July 2017

The awaited initial public offering of Brazilian reinsurance firm IRB Brasil Resseguros S.A. (IRB Brasil Re) has now commenced, with the offering launched on Friday. IRB Brasil Re filed its official IPO prospectus with the Sao Paolo stock exchange on Friday, detailing a plan that will see some of its existing ... Read the full article

IRB Brasil Re files for IPO

30th May 2017

Brazilian reinsurance firm IRB Brasil Resseguros S.A. (IRB Brasil Re) has now registered for an initial public offering (IPO) with the Brazilian Exchange Commission (Comissão de Valores Mobiliários CVM). According to reports from three key shareholders, the applications have been filed for an initial public offering of IRB Brasil Re shares, ... Read the full article

IRB Brasil Re to pursue initial public offering (IPO)

22nd May 2017

Brazilian reinsurance firm IRB Brasil Resseguros S.A. (IRB Brasil Re) is resuming the process of going public having received approval from shareholders to register for an initial public offering (IPO). The reinsurer is backed by the Brazilian government, which owns 27% of IRB Brasil Re, and a number of major financial ... Read the full article

Korean Re and IRB Brasil Re sign MUO to boost reinsurance cooperation

28th February 2017

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, ... Read the full article

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