RenaissanceRe
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The reinsurer’s CEO declared it “the best market we have seen in years”.
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The reinsurer’s combined ratio improves as estimates of 2017 cat costs decline.
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While reinsurers are benefiting from low cats, pricing fundamentals remain weak. -
There were positive share price changes over the quarter from only 13 companies in the index.
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Underwriting opportunities become the focus in Q4 2017 and Q1 2018.
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The key to working together relies on developing symbiotic relationships, CEO Maffeo says.
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The executive will focus on retrocessional property catastrophe business at the Bermuda company.
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The investment yield for Bermudians remained low for 2017, averaging 3.1 percent.
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The insurer now has reinsurance for up to $3bn of losses from a Florida hurricane.
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RenRe’s capital infusion is expected to fuel growth by the expansive broker.
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Bermuda gross written premium increased by 20 percent to $15.0bn in Q1 2018.
