IRB-BRASIL RESSEGUROS S.A.
Corporate Taxpayer's ID (CNPJ): 33.376.989/0001-91
Company Registry (NIRE): 333.0030917-9
Publicly-held Company
NOTICE TO THE MARKET
Rio de Janeiro, February 3rd, 2020 - IRB-Brasil Resseguros S.A. ("Company"), in compliance with CVM Instruction 358/02, as amended, informs its shareholders and the market in general that, due to contacts received in reference to the Letter to Shareholders issued by an investor with a short position in the Company's shares, on February 2, 2020, IRB Brasil Re reinforces that all its Annual, Semi-annual and Intermediate (Quarterly) Financial Statements, and its Management Report as well as its Earnings Release and pass through a strict governance process, as per below:
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Executive Directors: Financial Statements, as well as quarterly information and its respective Earnings Release are jointly reviewed and signed by all the Executive Directors.
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Audit Committee: not only the Annual and semi-annual Financial Statements, but also the Quarterly Statements and the Earnings release have an Audit Committee report, which is disclosed as part of the referred Financial Statements.
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Fiscal Council: In addition to the Annual and Semi-annual Financial Statements and their respective Management Reports, but also all IRB Brasil RE's quarterly reports and their management reports also have the opinion of their Fiscal Council, which is disclosed together with the financial statements.
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Audit of PwC (PricewaterhouseCoopers): IRB Brasil RE in the position of June 30 of each year, in addition to the quarterly report, discloses balance sheet with the Report of Independent Auditors on the Individual and Consolidated Financial Statements, being the only company in the Novo Mercado that passes through complete audit as of June 30th.
It should be noted that in PwC audit reports, there are no restrictions in the auditors opinion in the financial statements of 2014, 2015, 2016, 2017 and 2018.
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Board of Directors: Not only the Annual and Semi-annual Financial Statements, but also all IRB Brasil RE's quarterly reports have the opinion of its Board of Directors, which is disclosed together with IRB Brasil RE's financial statements.
Investor Relations | gri@irbre.com| +5511-2588-0216/0211/0209
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PwC's PricewaterhouseCoopers Actuarial Audit: IRB Brasil RE files the Opinion of the Independent Actuarial Auditors annually at the Superintendency of Private Insurance (SUSEP).
In view of the above, it is evident that the Company's financial performance and its earnings power is faithfully portrayed in the aforementioned Financial Statements.
The Company also informs that it is evaluating with its legal advisors, the appropriate measures to be taken in this scenario, where the issuer of the letter has an economic interest that is in conflict with the interests of the Company.
Investor Relations | gri@irbre.com| +5511-2588-0216/0211/0209
Disclaimer
IRB Brasil Resseguros SA published this content on 03 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 February 2020 14:05:07 UTC