IRB Brasil blows through retro cover, explores LPT
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.
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