IRB Brasil continues slide amid crisis

IRB Brasil continues slide amid crisis

People Corporate & Sovereign Strategy Equity Capital Markets Regulation Brazil

Brazilian reinsurance company IRB Brasil Re watched its shares slump another 16.2% on Thursday after a turbulent month led to billions of reais wiped off the value of the company and the resignations of the chairman, CEO and CFO within the space of a week. IRB's shares closed trading at BRL15.97 ($3.47) on Thursday, representing a two-thirds decline from a peak of BRL44.90 on January 22. The latest fall came after the company announced on Wednesday that CEO José Carlos Cardoso and CFO Fernando P

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