 It maintained its monopoly until 2007, when, through Complementary Law, Congress reopened the Brazilian reinsurance market, and IRB was classified as a local reinsurer.Since October 2013, IRB Brasil RE operates as a private company.In addition to the Brazilian Federal Government, the controlling shareholders are BB Seguros Participações S.A., Bradesco Auto Re Companhia de Seguros, Itaú Seguros S.A., Itaú Vida e Previdência S.A. and the Investment Fund on Participations Caixa Barcelona.