IRB had “inability” to pay shareholders more than $5mn over CFO’s false Berkshire claims

IRB Brasil Re would have been unable to pay more than $5mn to resolve a probe into a false story that it had received investment from Berkshire Hathaway without threatening “the continued viability” of its business, according to a recently filed agreement with US lawmakers.

 

Want to read this article?

 

For details on how to subscribe or for all commercial opportunities, including advertising, please contact:

Andy Stone

Sales manager

+44 (0) 77 4160 9204

andy.stone@wbmediagroup.com

    Ricky Lamey

    Business development executive

    ricky.lamey@thomsonreuters.com