- RenaissanceRe ( NYSE: RNR ) said Wednesday it expects losses from certain catastrophe events to have a net negative impact of ~$650M on its Q3 results, driven by ~$540M net negative impact from Hurricane Ian.
- The insurer expects to report net loss attributable to shareholders for Q3 as well as the nine months ended Sept. 30.
- While RenaissanceRe ( RNR ) expects to report operating loss attributable to shareholders for Q3, operating loss attributable to shareholders for the nine months ended Sept. 30 will likely be modest.
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RenaissanceRe expects $540M negative impact from Hurricane Ian on Q3 results