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.
If you are a subscriber, please sign back in to read this article
If you are not currently a subscriber please see contact details below