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RenaissanceRe Holdings Ltd. - $RNR STOCK NEWS

Welcome to our dedicated page for RenaissanceRe Holdings Ltd. news (Ticker: $RNR), a resource for investors and traders seeking the latest updates and insights on RenaissanceRe Holdings Ltd. stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect RenaissanceRe Holdings Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of RenaissanceRe Holdings Ltd.'s position in the market.

Rhea-AI Summary
AM Best affirms RenaissanceRe's Financial Strength Rating of A+ and Long-Term Issuer Credit Ratings of aa-. DaVinci and Vermeer also affirmed. RenaissanceRe's exposure to catastrophe losses is a concern, but it benefits from broad-based pricing improvement. DaVinci and Vermeer have strong balance sheet strength and very strong ERM. RenaissanceRe's Long-Term IRs affirmed with stable outlooks.
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Rhea-AI Summary
RenaissanceRe Holdings Ltd. (NYSE: RNR) reported strong financial results for Q2 2023, with a 28.8% operating return on average common equity. The company experienced strong performance across both segments, with a property combined ratio of 63.0% and a casualty and specialty combined ratio of 93.2%. Property catastrophe net premiums written grew by 54.9% driven by significant rate increases. Fee income increased by 65.5% compared to Q2 2022, and net investment income grew by 173.0%. The company also announced an agreement to acquire Validus Re from American International Group, Inc. in a $2.985 billion transaction.
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RenaissanceRe Holdings Ltd.

NYSE:RNR

RNR Rankings

RNR Stock Data

12.09B
51.52M
1.9%
99.43%
1.72%
Reinsurance Carriers
Finance and Insurance
Link
United States of America
PEMBROKE

About RNR

founded in bermuda in 1993, renaissancere has offices around the globe and is one of the world’s largest and most successful catastrophe reinsurers. renaissancere is also a leading provider of casualty and specialty reinsurance across a wide range of products. we participate selectively in the insurance market through renaissancere syndicate 1458 at lloyd’s. in addition, we create and manage joint ventures and structured products that enable others to partner with and invest alongside us. our largest joint ventures include davinci reinsurance ltd. and top layer reinsurance ltd. our management expertise, disciplined underwriting approach, sophisticated risk models and responsive client service have earned us a reputation for excellence throughout our industry. this success has also led us to achieve a consistent record of exceptional financial performance for renaissancere’s shareholders.