Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

24 March 2018

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RenRe forecasts $90mn wildfire impact

6 December 2017

The October Californian wildfires would have a $90mn net negative impact on fourth quarter results at RenaissanceRe, the Bermudian carrier said today.

CEO Kevin O'Donnell said the catastrophe highlighted the critical role that the insurance and reinsurance industry played in protecting people from natural disasters.

The reinsurer reiterated that there was meaningful uncertainty surrounding the losses due to the relatively limited claims data received to date, potential business interruption cover and uncertainties related to reinsurance recoveries, among other factors.


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