IRB (Re) sponsors first ILS in Brazil, R$33.7m Andrina surety bond risk securitization – Go Health Pro
The first ever insurance-linked securities (ILS) issuance in Brazil has been completed today, as local reinsurance firm IRB (Re) sponsored the issuance of a R$33.7 million deal to securitize surety bond risks, using its Andrina Special Purpose Insurance Entity (SSPE).IRB (Re) had what was the first insurance-linked securities (ILS) structure authorised in Brazil by the … Read more