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Regulator probes reinsurer for liquidity issues

Brazilian securities regulator has launched investigations into reinsurer IRB Brasil Resseguros SA for potential liquidity issues, Reuters reported. One of the probes will focus on an 8% drop in IRB’s shares on Feb. 3, and the other will look into the reinsurer’s financial statements, taking into consideration potential problems cited by asset manager Squadra Investments, which has a short position in IRB.

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