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Monday, April 27, 2026

IRB agrees to pay $5mn to ex-shareholders over Berkshire ... - Re-Insurance.com

IRB Brasil Re has entered into a non-prosecution agreement (NPA) with the US Justice Department (DoJ) and agreed to pay $5mn to former shareholders after it admitted securities fraud regarding false claims in 2020 that Berkshire Hathaway had invested in the business in an attempt to bolster its stock price.

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