RenRe drops to $36mn underwriting loss on $180mn in Uri claims
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

RenRe drops to $36mn underwriting loss on $180mn in Uri claims

James Thaler
April 28, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
RenaissanceRe texas snow with O Donnell.jpg

RenRe grew its property business by 33% and by 29% in its casualty and specialty division in the first quarter, but fell to a $36mn underwriting loss after the reinsurer was hit with $180mn in claims from winter storm Uri.

The Bermuda-based company reported $0.09 in operating income per share for the quarter Wednesday, down from the $0.76 the company earned last year, and behind the $0.49

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News RenaissanceRe Bermuda
JT
James Thaler
Gift this article