Ready to privatise IRB?

During the first two years, 60% of reinsurance has to be placed with locally registered companies which could be either Brazilian or foreign owned

After a concerted period of silence, it now seems that the Brazilian government and Congress (which will have to pass the necessary legislation) have come to an agreement that will finally allow the privatisation of the Brazilian Reinsurance Institute (IRB), the state controlled monopoly reinsurance organisation (which is also the largest reinsurer in Latin America) to proceed.