Head of Caixa joins IRB board

Monday, January 7, 2019

The new president of Brazil's state-run bank Caixa Econômica Federal, Pedro Guimarães, will assume a post on the board of reinsurer IRB Brasil Re.

Guimarães will replace Flavio Eduardo Arakaki, a director of Caixa.

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IRB is controlled by the federal government, together with Bradesco Seguros, BB Seguridade and Itaú Seguros.

Caixa, through its fund Fundo de Investimentos em Participações Caixa Barcelona, holds a 3% stake in IRB, Latin America's largest reinsurer.