IRB Brasil agrees to civil injunction to settle SEC fraud charges
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

IRB Brasil agrees to civil injunction to settle SEC fraud charges

Ayesha Venkataraman
12 May 2023
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
IRB Brasil Re Sao Paulo.jpg

Brazilian reinsurer IRB Brasil RE has agreed to a civil injunction to settle US Securities and Exchange Commission (SEC) charges that the company planted a false story in the media about Berkshire Hathaway being shareholder to influence IRB's stock price.

The SEC complaint alleges that, in February 2020, IRB executed the fraud scheme through its former executive vice president of finance and investor relations Fernando Passos after an investment company published a report questioning the accuracy of IRB’s financial...

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsRegulation
Ayesha
Ayesha Venkataraman
News Editor
Contact
Gift this article