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As of on the Bolsa de Valores do Estado de Sao Paulo ∙ Minimum 15 minute delay
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Brazil's IRB CEO says co still needs 1.2 bln reais to meet liquidity requirements
Brazilian Reinsurer Company Irb To Reconsider Some Of Its Businesses Outside Brazil - CEO
Brazilian Reinsurer IRB Postpones Release Of Q1 Results To June 18 Due To Coronavirus
IRB Brasil Resseguros SA is a Brazil-based provider of reinsurance services. The Company is focused on reinsurance and retrocession operations in Brazil and abroad, with its branches in Argentina and London and offices in numerous cities around the world. It offers coverage for different types of risk related to Property, Agriculture, Financial Lines, Oil & GAS, Transportation, Cargo, Infrastructure, Surety, Professional Liability, Events, Art, Live and Pension, among others. The Company owns several subsidiaries, such as IRB Asset Management SA, which manage the exclusive investment funds and IRB Investimentos e Participacoes Imobiliarias SA, which purchases, sells and develops real estate assets.
Av. Marechal Camara, 171 - Castelo
Antonio Cassio dos Santos
Interim President, Executive Director, Member of the Executive Board
Werner Romera Suffert
Finance and Investor Relations Executive Vice President, Member of the Executive Board
Risk and Compliance Officer
Marcos Bastos Rocha
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Brazil's largest reinsurer, IRB Brasil Resseguros SA, has concluded a 2.3 billion reais ($420 million) capital increase to address liquidity issues, but has not yet fully met regulatory requirements, its interim chief executive said on Monday.
Brazil's largest reinsurer IRB Brasil Resseguros SA <IRBR3.SA> said on Monday that it has sold 59 million reais ($11 million) worth of shares to existing shareholder to complete an overall 2.3 billion reais private capital-raising exercise.
IRB Brasil Resseguros on Thursday said its board had approved a capital increase of up to 2.3 billion reais with the issuance of common shares for private subscription at a price of 6.93 reais per share.
A report by Credit Suisse Group AG <CSGN.S> late on Tuesday downgraded Brazilian reinsurer IRB Brasil <IRBR3.SA> from neutral to underperform and cut its target price to 7.50 reais ($1.37) per share.
IRB Brasil Resseguros <IRBR3.SA> has restated its 2019 financial statements to correct accounting irregularities, reducing its net income for the year by 31% to 1.2 billion reais ($220 million), the Brazilian reinsurer said on Tuesday.
Brazilian reinsurer IRB Brasil has restated its 2019 financial statements to correct accounting irregularities, it said on Tuesday.
A court in Sao Paulo on Monday ordered IRB Brasil to prove that it has 1 billion reais ($194 million) to reimburse shareholders facing heavy losses from the reinsurer's shares this year.
Brazilian securities regulator CVM on Tuesday said it was opening a broad investigation into reinsurer IRB Brasil Resseguros SA <IRBR3.SA> along with its management and shareholders.
Brazilian securities regulator CVM on Tuesday said it was opening a broad investigation into the reinsurer IRB Brasil Resseguros SA, its management and shareholders, according to a statement.
Brazilian reinsurer IRB Brasil Resseguros SA <IRBR3.SA> is in advanced negotiations to buy rivals' portfolios in Brazil and elsewhere in Latin America as foreign competitors scale back in the region, two sources close to the company told Reuters.
IRB Brasil Resseguros SA has scrapped its 2020 financial forecasts due to uncertainty over the coronavirus outbreak, the company said in a Thursday securities filing. (Reporting by Alberto Alerigi Jr. Editing by Chizu Nomiyama)
Brazil's reinsurer IRB Brasil Resseguros announced on Tuesday changes in its board.
Brazil reinsurer IRB said on Wednesday it is reconsidering its annual dividend payment in light of the coronavirus outbreak that has killed thousands and heavily affected equities markets.
Brazilian reinsurer IRB Brasil Resseguros SA's new chief financial officer on Thursday denied there were problems with the company's financials but its shares slumped as doubts persisted about its accounting practices after top executives were replaced.
New management at Brazilian reinsurer IRB Brasil Resseguros SA on Thursday said they were reviewing 2020 forecasts and ending some performance bonuses after the dismissal of top executives, but could not say if there would be new estimates.
Brazilian reinsurer IRB Brasil Resseguros SA <IRBR3.SA> replaced its chief executive and chief financial officer after its shares plunged nearly 32% on Wednesday after the company said that Berkshire Hathaway <BRKa.N> is not an investor.
* THERE HAVE BEEN RECENT STORIES IN BRAZILIAN PRESS THAT CO IS A SHAREHOLDER OF IRB BRASIL RE; THOSE STORIES ARE INCORRECT
A share buyback program, a better 2020 outlook and higher fourth-quarter profit helped propel shares in reinsurer IRB Brasil Resseguros SA upward in morning trading in Sao Paulo on Wednesday.
Brazilian reinsurer IRB Brasil Resseguros SA said in a conference call with investors on Monday that it will hire a second audit firm for its fourth-quarter results, which are to be released soon, following a second letter from shortseller Squadra Investimentos questioning...
Shares in Brazilian reinsurer IRB Brasil Resseguros SA were down 8.4% on Monday after asset management firm Squadra Investimentos released a letter to its investors saying the reinsurer's gains may be overstated.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.