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RenaissanceRe Holdings Ltd is a Bermuda-based company specializing in reinsurance and insurance offerings globally. It operates in two main segments: Property, focusing on property catastrophe and excess of loss reinsurance for natural and man-made disasters; and Casualty and Specialty, covering a wide range of products including professional indemnity, automobile liability, and political risk, among others. Founded in 1993, RenaissanceRe is known for its expertise in managing risks related to severe weather events, natural disasters, and various liability scenarios, serving clients through intermediaries and investing in funds.
RenaissanceRe crushed Q2 earnings with a 72.8% combined ratio that smashed expectations, driven by favorable prior-year development and a standout catastrophe unit posting just a 10.2% ratio. The 10% EPS beat pairs with aggressive share buybacks that have now retired 22% of the stock in two years, leaving book value per share up 7.2% year-to-date at $265.
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