HVRRF - RenRe Reports $170m Cat And $175m COVID (Largely Property) Losses In Q4
- RenaissanceRe has pre-announced an expected $345 million of losses from natural catastrophes and COVID-19 suffered during the fourth quarter of 2020.
- As a result of these losses, RenaissanceRe says that when it announces its Q4 2020 results in the coming weeks, it expects to report net income but an operating loss, both attributable to the reinsurance firm's common shareholders.
- RenRe has also added an estimate of fresh losses from the COVID-19 pandemic, saying it expects around a $175 million impact to its fourth-quarter results.
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RenRe Reports $170m Cat And $175m COVID (Largely Property) Losses In Q4