RenRe expects $45mn Thai loss, but avoids loss creep
RenaissanceRe said the Thai floods are expected to result in a net negative impact of around $45mn on its Q4 financials.
But in contrast to a number of its Bermudian peers, the cat specialist reinsurer said it is not expecting notable loss creep on cat events earlier in the year, with February's New Zealand earthquake and the Tohoku disaster not significantly impacting its fourth quarter financials.
The quarter will however be impaired by $31mn in after-tax losses related to the...
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