IRB Brasil Re reports $74mn loss in April and May
Brazilian reinsurer IRB Brasil Re has reported a net loss of BRL392.5mn ($73.7mn) in the two-month period from April-May 2020 as claims lead to a 123 percent loss ratio in the two months.
Brazilian reinsurer IRB Brasil Re has reported a net loss of BRL392.5mn ($73.7mn) in the two-month period from April-May 2020 as claims lead to a 123 percent loss ratio in the two months.