World Insurance Report
IRB Brasil Re profits up by 11%
IRB’s profits reach $105mn • 11.5% of insurance claims are fraudulent • Money laundering on the rise • EMB opens office
During the first nine months of 2006 IRB Brasil Re reported profits of 224.7mn reales (US$105mn), almost 11% higher than in
2005. Net return on equity was 15.1% (up 2.9%).