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RenRe reports Q1 net income of $165m

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Bermuda (re)insurer RenaissanceRe has reported net income of $165m, or $2.73 per diluted common share, in the first quarter of 2010. This compares to $97.3m for the first quarter of 2009.

Operating income was $116.5m, or $1.91 per diluted common share, in the first
quarter of 2010, compared to $94.2m in the first quarter of 2009.

Operating income excludes net realised and unrealised

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