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IRB Brasil’s net loss widens by 92%

Financial results

Brazil-based reinsurer IRB Brasil Resseguros SA’s net loss widened approximately 92% year-on-year to 299 million Brazilian real ($56 million) in the third quarter of the year, Reinsurance News reported. The reinsurer also saw a 7.5% decline in its written premiums to BRL2.4 billion.


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