Reinsurance News
IRB (Re)
IRB(Re) lifts underwriting result 74% in Q1’26 as CoR improves
5th May 2026
IRB(Re) has opened 2026 with a stronger underwriting performance and improved profitability metrics, despite a decline in net income. The Brazilian reinsurer posted an underwriting result of R$180 million in Q1 2026, a 74% increase over the same period last year, reflecting disciplined underwriting and improved portfolio performance. This helped drive a ... Read the full article
Brazil’s IRB(Re) posts considerably higher underwriting profit for 2025
13th February 2026
Brazilian reinsurance company IRB(Re) produced a stronger underwriting result for both the fourth quarter and full year 2025 with an improved combined ratio, although the top-line reduced for both periods, driven mostly by the impact of cancelled contracts in the life business, while the property and casualty (P&C) portfolio shrank ... Read the full article
IRB(Re) posts dip in Q3’25 net income but 9M result up 39%
14th November 2025
Brazilian reinsurer IRB(Re) reported a net income of R$98.7 million in the third quarter of 2025, down 14.8% from R$115.9 million in the same period a year prior, while net income for the first nine months of 2025 increased 38.7% to R$360.8 million from R$260.2 million. In Q3’25, the underwriting result ... Read the full article
IRB(Re) net income up 120% and CoR improves in Q2’25
15th August 2025
Brazilian reinsurer IRB(Re) reported a net income of R$ 144 million for the second quarter of 2025, representing a significant 120% increase from R$ 65 million in the prior year quarter. The company attributed this strong performance to financial and equity income of R$ 163 million and the positive underwriting result. Underwriting ... Read the full article
IRB(Re) sponsors Brazil’s inaugural ILS transaction, R$33.7m Andrina
30th May 2025
Brazilian reinsurer IRB(Re), via its wholly owned subsidiary, Andrina Special Purpose Insurance Entity (SSPE), has issued the first insurance-linked securities (ILS) transaction in the country, a R$33.7 million transaction (USD 5.9m) covering risks related to the reinsurer's surety bond portfolio. This issuance of the first ILS transaction in Brazil comes after ... Read the full article
IRB (Re) net income increases 50% in Q1’25 despite 13.34% written premiums decrease
13th May 2025
Brazilian reinsurer IRB (Re) has announced its financial results for the first quarter of 2025, reporting net income increase of 50%, to R$118.6m (approximately US$20.89m), despite a 13.34% decrease in total written premiums, which stood at R$1,247.9m (approximately US$219.97m). This quarter’s net income compares to Q1 2024’ R$79.1m (around US$13.93m), which ... Read the full article
IRB(Re) reports best underwriting profit in four years for 2024
26th February 2025
In its 2024 full-year results, IRB(Re) reported its best underwriting profit in four years, reaching R$ 452 million, up from R$ 155 million in 2023. IRB(Re) also disclosed a net income of R$ 373 million for 2024, compared to R$ 114 million in 2023, while its loss ratio stood at 64%, ... Read the full article
Swiss Re’s Frederico Knapp joins IRB (Re) as CFO
12th December 2024
Swiss Re's Frederico Knapp has been appointed Chief Financial Officer (CFO) of IRB-Brasil Resseguros S.A. (IRB Re). Knapp will reportedly join the firm on December 20, 2024, replacing Marcos Pessôa de Queiroz Falcão, who will remain as Chief Executive Officer and Investor Relations Officer of the business. IRB Re confirmed that Knapp's ... Read the full article
IRB Re gets first ILS structure in Brazil approved by regulator
9th December 2024
The Brazilian insurance regulator, Superintendence of Private Insurance (SUSEP), has approved the country's first insurance-linked securities (ILS) structure, Andrina, sponsored by IRB Re. The authorisation allows Andrina Sociedade Seguradora de Propósito Específico, or Andrina Special Purpose Insurance Company, to issue Letra de Risco de Seguro (Insurance Risk Letters), the designated term ... Read the full article
IRB (Re) identifies Brazil’s insurance coverage gap as a key opportunity: Goldman Sachs
25th November 2024
Brazilian reinsurer IRB (Re) views Brazil’s insurance coverage gap as a significant long-term opportunity, according to Goldman Sachs, following a meeting with IRB CEO Marcos Falcão and Head of Investor Relations Natasha Nakagawa on November 18, 2024. The climate events in Brazil in 2024, including floods in the South and droughts ... Read the full article
IRB (Re) posts improved net income and CoR in Q3’24
13th November 2024
Brazilian reinsurer IRB (Re) has announced its financial results for the third quarter of 2024, reporting an improved net income of R$116 million (USD 20.18 million), as well as an underwriting profit of around R$118 million (USD 20.52 million). In the same period last year, the reinsurer posted a net income ... Read the full article
AM Best affirms IRB (Re)’s credit ratings with stable outlook
9th September 2024
AM Best has affirmed Brazilian reinsurer IRB (Re)’s Financial Strength Rating of A- and its Long-Term Issuer Credit Rating of “a-”, while revising the outlooks from negative to stable. The ratings reflect IRB (Re)’s balance sheet strength, assessed at the strongest level by AM Best, its adequate operating performance, neutral business ... Read the full article
IRB (Re) sees net income increase in Q2 as CoR improves
15th August 2024
Brazilian reinsurer IRB (Re) has announced financial results for the second quarter of 2024, reporting a net income of R$ 65 million (USD 12m), an underwriting profit of R$ 34 million (USD 6.2m) and an improved combined ratio of 106% from last year's 107.5%. Compared to the second quarter of 2023, ... Read the full article
IRB (Re) reports improved net income and combined ratio
4th June 2024
Brazilian reinsurer IRB (Re) has announced its first quarter of 2024 financial result, reporting an improved net income of around USD 15 million (R$ 79.1mn) as well as an underwriting profit of around USD 23 million (R$ 122.4mn), and a combined ratio of 99%. In the same period last year, the ... Read the full article
IRB (Re) returns to underwriting profitability in 2023 amid improved portfolio performance
1st March 2024
Brazilian reinsurer IRB (Re) has reported its best underwriting result since 2019, as an improved portfolio performance on the back of better pricing and exposure reduction resulted in underwriting profit of approximately USD 31 million (R$ 155m) in 2023. The reinsurer's underwriting performance in 2023 marks a considerable turnaround from the ... Read the full article
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