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RenRe posts strong profit in Q4

09 February 2010

Bermuda reinsurer RenaissanceRe Holdings has reported net income of $211.8m in the fourth quarter of 2009, compared with a net loss of $55.2m in the fourth quarter of 2008.

Read more: renaissancere neill currie

Bermuda reinsurer RenaissanceRe Holdings has reported net income of $211.8m in the fourth quarter of 2009, compared with a net loss of $55.2m in the fourth quarter of 2008.

RenaissanceRe generated $184.5m of underwriting income and had a combined ratio of 37.7% in the fourth quarter of 2009, compared to $205.7m of underwriting...


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Quote

If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield