Brasil RE (Instituto de Resseguros do Brasil traded at 70.19 this Friday October 9th, decreasing 0.28 or 0.40 percent since the previous trading session. Looking back, over the last four weeks, Brasil RE (Instituto de Resseguros do Brasil lost 16.19 percent. Over the last 12 months, its price rose by 48.77 percent. Looking ahead, we forecast Brasil RE (Instituto de Resseguros do Brasil to be priced at 68.11 by the end of this quarter and at 62.24 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.