IRB shares drop 32% after Berkshire denies holding
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IRB shares drop 32% after Berkshire denies holding

Bernard Goyder
March 04, 2020
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Brazil Rio de Janeiro with Sugarloaf and Guanabara Bay at morning

Shares in Brazil’s largest reinsurer IRB Resseguros fell by a third to R$19.05 on Wednesday after Berkshire Hathaway made a rare public statement to deny that the Warren Buffett-led conglomerate has an equity stake in the Brazilian carrier.

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NewsBerkshire Hathaway
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Bernard Goyder
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