Elizabeth Amadiume, new Director of IRB Brasil RE for Africa, will take part in next week’s 42nd Conference and Annual General Assembly of the African Insurance Organisation (AIO), in Tunisia, which will also be attended by the Chief Operations Officer of the Company José Carlos Cardoso and the Director of Underwriting Specialties Daniel Veiga. read more
Profit at reinsurer IRB Brasil triples as investment income jumps
Net income at Instituto de Resseguros do Brasil, the largest Latin American reinsurer, almost tripled in the first quarter in the wake of rising borrowing costs in Brazil that spurred a jump in investment income.
The Rio de Janeiro-based reinsurer, known as IRB Brasil RE, earned 130 million reais ($42 million) in the quarter, according to a statement read more