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    IRB (IRBR3): Second director resigns in less than a week

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    It is the second resignation from the board of directors in less than a week (Image: Money Times/Renan Dantas)

    the counselor of IRB (IRBR3) André Marcelo da Silva Prado resigned from his position, according to a document sent to the market this Friday (13).

    In the communiqué, the IRB thanked Prado for his professionalism and dedication during the period in which he served on the company’s board of directors.

    At the beginning of the week, Regina Helena Jorge Nunes also resigned. she was a member independent of the council. Nunes has been in office since May 2020.

    Nunes is part of the board of directors independently of other companies, such as sky (CIEL3) and Iberdola.

    IRB results

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    THE IRB releases its quarterly results next Monday.

    To the greatthe company should have poor results. According to SUSEP data, the IRB presented a loss of R$ 47m in January and February. The results were impacted by the still high loss ratio.

    “We are still not very optimistic about the IRB for 2022. Among the reasons are: (i) constant consumption of capital and the need for new investments; (ii) continuity of the impacts of discontinued contracts (tail effect); (iii) uncertainty regarding the long-term ROE (return on equity); and (iv) pressure on rural insurance claims”, he states.

    Disclaimer

    The Money Times publishes articles of a journalistic nature, which aim at the democratization of information. Our publications must be understood as announcing and disseminating bulletins, and not as an investment recommendation.

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    Source: Moneytimes

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