AM Best Upgrades Credit Ratings of IRB-Brasil Resseguros S.A.

Rio de Janeiro, May 30th, 2019 - IRB-Brasil Resseguros SA (B3: IRBR3) ("IRB Brasil RE" or "Company") hereby announces to the market and its shareholders that, in a report released today, AM Best Rating Services ("AM Best") has upgraded the Company's Financial Strength Rating from "A- (Excellent )” to "A (Excellent)". The Long-Term Issuer Credit Rating was also upgraded from "a-" to "a". The outlook has been revised from "positive" to "stable". The agency rating scale is global.

AM Best is a global credit rating agency with a unique focus on the insurance and reinsurance industry.

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