Brazilian reinsurers' profits rise 35%

Posted On: Jul. 9, 2019 7:12 AM CST

Brazilian reinsurers' combined profits grew 35% to 410 million Brazilian real ($78 million) in the first quarter from BRL 303 million in the first quarter of 2018, BNamericas reported. IRB-Brasil Resseguros S.A. accounted for BRL 350 million, or 85%, of total profits.