IRB revives IPO plans

Brazilian reinsurer IRB Brasil Resseguros has dusted off plans for
an IPO that were shelved in 2015, according to stock exchange
filings.
The banks that own IRB have agreed to allow the company, which
previously had a monopoly over the country's reinsurance
market, to list on the São Paolo stock exchange.
According to statements from Banco Do Brasil Seguridade
Participações, Itaú Unibanco and Banco Bradesco, the
three banks that together own a majority stake in the re