Brazilian reinsurer IRB (Re) posted a net profit of R$35.7 million ($6.74 million) in August, up 23% from a year earlier though slightly below July’s R$39.2 million ($7.40 million). The company’s loss ratio—the share of premiums that goes to pay claims—fell to 55.8% from 58.1% in July and 65.7% a year ago. That improvement helped […]
