RenRe’s property cat portfolio will ‘substantially grow’ in 2023: CEO O’Donnell

February 01, 2023

RenaissanceRe has increased its allocation to property cat as the class became “increasingly profitable” relative to other segments, and it expects to substantially grow its portfolio throughout 2023, according to CEO Kevin O’Donnell.

“We are seeing good opportunities and expect the reset on rates to persist through 2023”, he said.

Speaking to analysts during the company’s Q4 earnings call, the chief executive said that some of the portfolio growth will come from “us...

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