Leader of the reinsurance market in Brazil, IRB(Re) celebrates its 85th anniversary today. Created on April 3, 1939 by President Getúlio Vargas, the reinsurer was created with the mission of regulating and retaining the risks of Brazilian companies, which until then had been transferred abroad. Later, in 1970, the company’s founding date inspired the signing of the decree that regulated the profession and established the actuary’s day in Brazil.
“We have built knowledge about reinsurance in Brazil that no other company has. Thanks to the technical capacity of our employees, we contribute to the country’s development, taking risks responsibly. Currently, a third of our team is made up of actuaries”, says Marcos Falcão, CEO of IRB(Re), who launched the company’s commemorative brand today.
The reinsurer, which is now a private and publicly traded company, reported last week a net profit of R$114.2 million in 2023 and is now turning its focus to the future. “We reached 85 years old with a startup spirit, looking for new solutions and opportunities to expand the insurance and reinsurance market and reduce the protection gap in our society”, adds Falcão.
