IRB Brasil blows through retro cover, explores LPT
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IRB Brasil blows through retro cover, explores LPT

IRB Brasil Re crop.jpg

IRB Brasil Re has blown through its retro protections for the first half of 2022 after booking heavy losses related to drought-hit crop producers.

Wilson Toneto, CEO at IRB Brasil Re, said on the firm’s Q2 earnings call: “Q2 was strongly impacted by losses from summer harvest 2021, which have even exceeded the limits of our protections.

“As

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