IRB Brasil blows through retro cover, explores LPT
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IRB Brasil blows through retro cover, explores LPT

Liz Bury
17 August 2022
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IRB Brasil Re Sao Paulo.jpg

IRB Brasil Re has blown through its retro protections for the first half of 2022 after booking heavy losses related to drought-hit crop producers.

Wilson Toneto, CEO at IRB Brasil Re, said on the firm’s Q2 earnings call: “Q2 was strongly impacted by losses from summer harvest 2021, which have even exceeded the limits of our protections.

“As

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