IRB raises R$100mn after settling with CasaShopping and selling stake in mall

IRB Brasil Re has reached an out-of-court settlement with the owners of Rio de Janeiro’s CasaShopping enterprise and sold its stake in the mall for a combined R$100mn ($19.5mn) as the loss-hit reinsurer made another move to bolster its capital position.

 

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