trending Market Intelligence /marketintelligence/en/news-insights/trending/_JCcec4qZr9BlEl8xbpRbA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In This List

RenaissanceRe projects Q3 net negative impact of $155M from cat events

2018 US Property Casualty Insurance Market Report

Fintech

Fintech Funding Flows To Insurtech In February

Lemonade Growing Premiums Faster Than Esurance's Homeowners Business Did

U.S. Life & Health Insurance Market Report


RenaissanceRe projects Q3 net negative impact of $155M from cat events

RenaissanceRe Holdings Ltd. is expecting that losses from catastrophe events will have a net negative impact of roughly $155 million on its third-quarter results.

The losses are attributable to Typhoon Faxai and Hurricane Dorian, which will have estimated net negative impact of about $100 million and $55 million, respectively.

Net negative impact includes the sum of estimates of net claims and claim expenses incurred, earned reinstatement premiums assumed and ceded, lost profit commissions and redeemable noncontrolling interest.

RenaissanceRe expects to book modest net income available to common shareholders for the third quarter.