Brazil securities regulator probes reinsurer IRB, asset manager

SAO PAULO (Reuters) – Brazilian securities regulator CVM on Tuesday said it was opening a broad investigation into the reinsurer IRB Brasil Resseguros SA , its management and shareholders, according to a statement.

The move by CVM follows a decision by the country’s insurance regulator earlier this month to inspect IRB for potential liquidity problems.

(Reporting by Carolina Mandl; Editing by Brad Haynes)