Forex losses help Renaissance Re to Q1 loss
Renaissance Re, the Bermudian (re)insurer, said that net income for the first quarter of the year fell to $97.3m, down from $137.2m in the same period of the year, driven down by exchange rate losses.
RenRe declared $10.2m of foreign exchange losses in the first three months of the year, compared to forex gains of $4.9m this time last year.Net earned premiums over the period fell to around
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