IRB Brasil RE reports first underwriting profit in seven quarters

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Reinsurance News - May 16, 2023

Brazilian reinsurance company IRB Brasil RE has recorded a first-quarter of 2023 net profit of R$8.6 million, and an underwriting profit of R$3.7 million, the first positive one following seven quarters of losses. In 1Q 2022, IRB reported underwriting losses of R$96.4 million, a -103.9% difference c...

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