Brasil RE (Instituto de Resseguros do Brasil traded at 61.71 this Monday October 26th, decreasing 5.96 or 8.81 percent since the previous trading session. Looking back, over the last four weeks, Brasil RE (Instituto de Resseguros do Brasil lost 1.20 percent. Over the last 12 months, its price rose by 25.45 percent. Looking ahead, we forecast Brasil RE (Instituto de Resseguros do Brasil to be priced at 65.50 by the end of this quarter and at 59.39 in one year, according to Trading Economics global macro models projections and analysts expectations.
IRB Brasil Resseguros SA is a Brazil-based provider of reinsurance services. The Company is focused on reinsurance and retrocession operations in Brazil and abroad, with its branches in Argentina and London and offices in numerous cities around the world. It offers coverage for different types of risk related to Property, Agriculture, Financial Lines, Oil & GAS, Transportation, Cargo, Infrastructure, Surety, Professional Liability, Events, Art, Live and Pension, among others. The Company owns several subsidiaries, such as IRB Asset Management SA, which manage the exclusive investment funds and IRB Investimentos e Participacoes Imobiliarias SA, which purchases, sells and develops real estate assets.