After facing the pandemic and tidying up the house, IRB Brasil Re is optimistic about 2021
Company achieved important achievements such as raising R $ 4.3 billion in new resources
In the fourth episode of the series “De Portas Abertas com IRB Brasil RE”, journalist Denise Bueno, from Sonho Seguro, talks to the Chairman and CEO, Antonio Cassio dos Santos, about the company’s results in the fourth quarter of 2020 and in full year. It was a difficult, complicated period, but the team achieved important achievements, such as raising R $ 4.3 billion in new resources.
“In the midst of the pandemic, we faced the challenge of overcoming a credibility crisis by untrue information about our shareholding base, by the installation of special supervision by Susep on the guaranteed assets of technical provisions and by the re-presentation of the balance sheets for 2019 and 2018, which brought the company’s real financial situation and demanded that our commitment to seek capital in this difficult period in the world with Covid-19 ”, he said.
According to him, the focus was on the “re-underwritting” plan, called CFG – clean, fix and growth. “The IRB ended 2020 with assets in the order of R $ 22.7 billion, total net equity of R $ 4.3 billion and financial assets, of which R $ 8.3 billion. It was the company’s recovery and sanitation year. 2021 is the year for the improvement of the business portfolio and with several new features on the agenda, including partnerships with companies that enable the entry into new market niches, from cyber risks to cell phones, including offering reinsurance to replace actuarial liabilities in investment funds. pension”.