RenRe Q1 net income drops 28%
RenaissanceRe, the Bermudian (re)insurer, reported that net income fell 28% to $137.2m in the first quarter of 2008, down from $190.8m in the same quarter of 2007.
operating income for the first three months of the year to end-March fell to $147.8m from $186.7m in the first quarter of 2007.
Gross premiums written for the Company's Reinsurance segment decreased
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