RenaissanceRe warns of ‘significant’ Sandy impact on its financials
Specialist cat reinsurer RenaissanceRe has warned that it expects the net impact of hurricane Sandy on its financial results to be "significant".
Commenting as it reported Q3 operating profits that were below Wall Street expectations, the Bermudian highlighted a lack of data that was leading to "significant uncertainty" around the impact of the event.
"Hurricane Sandy is currently estimated to have been the largest Atlantic hurricane in diameter ever recorded and to have produced the lowest barometric pressure readings for...
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