IRB, Reinsurance company headquarters in Centro, Rio de Janeiro, Brazil.
Description
IRB is a company headquarters in Centro, Rio de Janeiro, Brazil. The building houses the central administration of a major reinsurance firm that covers risks across sectors such as liability, maritime operations, and agriculture.
History
President Getúlio Vargas founded the institution in 1939 to centralize reinsurance in Brazil. It held an exclusive monopoly until 2007, when the sector opened to more market participants.
Culture
The name comes from Instituto de Resseguros do Brasil, which has shaped Brazilian reinsurance since its foundation. Today professionals work inside a protected building that links modern finance with historic architecture in the city center.
Practical
The headquarters sits in the busy center of Rio and is easy to reach by public transport. As a working office building, access remains limited to business matters, but the exterior facade can be viewed during a walk through the neighborhood.
Did you know?
After decades of state control, the company transformed into a private enterprise now managing more than one third of the national reinsurance market. This restructuring reflects the shift in Brazilian economic policy since the 1930s.
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