RenRe posts $161m loss as bond values fall
RenaissanceRe reported a Q3 net loss of $161.4M, down from a $907.7M profit last year, due to bond value declines. Underwriting income fell to $426.1M, and the combined ratio worsened to 79.7%. CEO Kevin O’Donnell highlighted strong underwriting, fee income, and investment income, expecting higher yields to benefit future returns. Book value per share decreased 1.9% to $259.61.


