Brazil's IRB to create asset management unit
Brazil's reinsurance giant IRB-Brasil RE is set to create an asset management unit in order to improve efficiency.
"The constitution of IRB Asset will allow higher efficiency of the company's own investment asset management, strengthening our practices for retention of human capital and allowing the exploration of sources of third-party funds, primarily resources from our wholly-owned subsidiaries in Brazil, as well as from insurance and retrocessionaire partners of IRB," the company said.
The central bank already approved the creation of IRB Asset Management, but it still requires approval from the Brazilian securities regulator, CVM.
IRB earlier this year raised 2bn reais (US$613mn) from an IPO on the São Paulo stock exchange. It is Latin America's largest reinsurer and is controlled by the federal government, Bradesco Seguros, BB Seguridade and Itaú Seguros.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Political Risk & Macro (Brazil)
Solid trade performance prompts Brazilian ports to advance dredging works
The country will reach a record trade surplus this year and perform very well the next, BNamericas was told.
Brazil's lower house approves carbon market bill
The bill to incentivize carbon credit trading was sent to the senate.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects
Get key information on thousands of projects in Latin America, from current stage, to capex, related companies, key contacts and more.
- Project: Multipurpose Chalupas of the Central Cordillera System
- Current stage:
- Updated:
1 day ago
- Project: Panama City - Chiriquí (David) train
- Current stage:
- Updated:
1 day ago
- Project: Sierra Chata Field
- Current stage:
- Updated:
7 hours ago
- Project: Rancagua Desalination Plant
- Current stage:
- Updated:
2 days ago
- Project: Reconstruction of La Angostura - Comarapa Road Section II: Mataral - Mairana
- Current stage:
- Updated:
2 days ago
- Project: Morolica III multipurpose dam
- Current stage:
- Updated:
1 day ago
- Project: Peuco Photovoltaic Park
- Current stage:
- Updated:
1 day ago
- Project: CloudHQ Paulínia data center (GRU technological campus)
- Current stage:
- Updated:
1 day ago
- Project: Diablillos
- Current stage:
- Updated:
1 day ago
- Project: Installation of Sixth (VI) Generation Unit (Central Termoeléctrica Barranquilla, Termobarranquilla)
- Current stage:
- Updated:
2 days ago
Other companies
Get key information on thousands of companies in Latin America, from projects, to contacts, shareholders, related news and more.
- Company: Salgado, Melendez y Asociados Ingenieros Consultores S.A.  (Salgado, Melendez y Asociados Ingenieros Consultores)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Consorcio GA Energy Services, Coopsa Ambiental, Measure Solutions, Nuova Ghizzoni, Sicilsaldo
-
GA Energy Services Consortium, Coopsa Environmental, Measure Solutions, Nuova Ghizzoni, Sicilsaldo is a company made up of Coopsa Ambiental S.A. de C.V., GA Energy Services, S.A...
- Company: Petroserv Marine Inc.  (Petroserv)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Enterprize Energy Pte. Ltd.  (Enterprize Energy)
-
The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
- Company: Mars Mines Limited
- Company: Copachisa S.A. DE C.V.  (Copachisa)
-
The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
- Company: New Havyen Merchant Bank
- Company: Greenwood Energy S.A.S. E.S.P
-
Greenwood Energy is dedicated to developing, financing, building and operating power generation plants in Latin America, delivering reliable and competitive energy to our client...
- Company: Grupo Punto Alto S.A.P.I. de C.V.  (Grupo Punto Alto)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Ministerio de Energía de la República de Chile  (Minenergía Chile)
-
Chile's energy ministry (Minenergía) is the lead government agency responsible for setting policy and administrating the country's energy sector. The overall objective of the mi...