Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Companies  >  All News

News : Companies
Latest NewsCompaniesMarketsEconomy & ForexCryptocurrenciesCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors

IRB Brasil Resseguros : Notice to the market

share with twitter share with LinkedIn share with facebook
share via e-mail
02/03/2020 | 09:06am EST

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:

  1. Executive Directors: Financial Statements, as well as quarterly information and its respective Earnings Release are jointly reviewed and signed by all the Executive Directors.
  2. 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.
  3. 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.
  4. 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.

  1. 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

  1. 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

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news "Companies"
02:10aCANCOM : Preliminary results for 2019 confirm raised annual forecast
EQ
02:08aNASDAQ : Invitation to Eltel's full year 2019 report presentation
PU
02:08aNASDAQ : Full Year Report for the period January – December 2019
PU
02:08aNASDAQ : Year-End Report 1 January – 31 December 2019
PU
02:08aIASO S A : Announcement 906/2020 (no English translation available)
PU
02:08aBIOGAIA PUBL : AB – Year-end report 2019
PU
02:08aKOBE STEEL : Revision to Consolidated Earnings Forecast and Announcement on Nonconsolidated Earnings Forecast for Fiscal 2019, ending March 31, 2020
PU
02:08aNASDAQ : Metso's Financial Statements Review January 1 – December 31, 2019
PU
02:08aNASDAQ : Strong operational performance in 2019 – financial targets achieved
PU
02:08aONTHEMARKET : Record traffic and leads for OnTheMarket.com
PU
Latest news "Companies"