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IRB creates new division, names director after IPO

IRB-Brasil Resseguros SA on Oct. 3 said that following its recent public offering, it created a new corporate reinsurance division, to be headed by José Farias, who was previously the director for property and casualty.

Farias will report to José Cardoso, IRB's president and vice president of reinsurance. Additionally, Marcelo Hirata was named director of information technology.