Renaissance Re reports Q3 loss of $143.4m
Renaissance Re recorded an operating loss of $143.4m for the third quarter of 2008, compared to $167.8m for the same period last year, due to a $276m negative impact from hurricanes Gustav and Ike, and negative investment results of $93.3m.
Neill Currie, CEO, commented: "The combination of the US hurricanes and turmoil in the financial markets resulted in a decrease in our tangible book value per share this quarter.”
Mr Currie added: “We
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