RenaissanceRe
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Analyst predicts Chubb and Travelers could also pick up $400mn if industry insured losses hit $10bn.
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Reputation can still be an underrated commodity in insurance.
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Carriers disclose heavy cat losses as well as mixed underlying performances, as business mix shift continues. -
Deal adds scale and operating leverage for the Bermudian at an attractive price.
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The deal also accelerates a strategy of pursuing increased scale and leverage.
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Casualty pricing and demand overshadow property catastrophe, while RenRe arrives just too late to steal the show.
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The Insider 50 reached 1,103.1 index points last week as all sub-groups in the index post gains.
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The change aligns its ratings with those of purchaser RenaissanceRe
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Before Florence and Michael, rate reductions had looked set to resume.
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Other businesses with reinsurance exposure like TMK, Tokio Marine HCC and Safety National remain core.
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Meanwhile, Fitch affirmed the reinsurer’s financial strength rating at A+ with a stable outlook.
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More than 4,000 new claims were filed to the insurer in the third quarter.
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Daily Digest: Top news from 9 May
09 May 2025