Ren Re FY net income slides
RenaissanceRe, the Bermudian (re)insurer said that net income for the year slid to $29m from $612m in 2007, due to heavy investment and catastrophe losses.
The company also fell to a net loss of $44.6m in the fourth quarter of 2008, down from $72.7m in the same period in 2007.
The result wsa driven down by heavy investment losses, which spiralled to a
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