RenRe Q1 burnt by $1.6bn wildfire claims

RenRe Q1 burnt by $1.6bn wildfire claims

California wildfires torched the first quarter underwriting performance of Bermudian-based reinsurer, RenaissanceRe, leaving available net income for common shareholders at $161.1 million (2024 Q1: $3...

RenaissanceRe Reports $161.1 Million of Net Income Available to Common Shareholders and $69.8 million of Operating Loss Attributable to Common Shareholders in Q1 2025.

PEMBROKE, Bermuda--(BUSINESS WIRE)--Apr 23, 2025-

RenRe raised $462m of third-party capital in Q1, wildfires drove loss and fee impacts - Artemis.bm

This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. RenaissanceRe, the Bermuda based reinsurance company and third-party capital manager, has raised almost $462 million in new third-party capital across its range of joint-ventures and insurance-linked securities (ILS) funds in the first-quarter of 2025, but the California wildfires saw losses shared with investors and dented the firms…

RenRe falls to Q1'25 underwriting loss amid $1.6bn California wildfire bill

Bermuda-based reinsurer RenaissanceRe (RenRe) incurred net claims and claims expenses from large loss events of more than $1.7 billion in the first quarter of 2025, driven by almost $1.6 billion of net claims from the January California wildfires, leading the firm to record an underwriting loss in the period. The California wildfires had a net negative impact of $1.3 billion on RenRe’s Q1 2025 underwriting result, which decreased to a loss of $7…