IRB Brasil Re execs say crop losses have exceeded retro limits

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Reinsurance News - Aug 17, 2022

The performance of Brazilian reinsurer IRB Brasil Re in Q2 2022 was negatively impacted by the severe drought in the southern part of the country, leading the firm to exceed the limits of its retrocession protection. Yesterday, the company announced an underwriting loss of R$661.0 million (USD 129.1...

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