Founded in 1939 as a state-owned company, IRB-Brasil Resseguros S.A. (IRB Brasil RE) operated as the monopoly reinsurer in Brazil for decades. It was privatized in 2013 and held its IPO in 2017, becoming a private corporation. As the leading reinsurance company in Brazil, its mission is to provide reinsurance and risk management solutions that ensure the operational and financial stability of its clients (insurance companies). The company underwrites a diverse portfolio of risks, including property, casualty, life, aviation, and rural insurance, primarily focusing on the Latin American market but with a global reach through its London office.