AM Best puts IRB Re under review with negative implications
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AM Best puts IRB Re under review with negative implications

Jairo Ibarra
August 25, 2022
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IRB Brasil Re Sao Paulo.jpg

AM Best has placed IRB Re’s A- financial strength rating and a- long-term issuer credit rating under review with negative implications, citing a deterioration of its risk-adjusted capitalization shown in its second quarter results.

The review comes as the reinsurer plans to issue a primary follow-on offering of its shares in early September.

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NewsTreaty Reinsurance
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Jairo Ibarra
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