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RenRe's loss widens significantly in 2022

Posted On: Feb. 2, 2023 10:08 AM CST

Bermuda-based reinsurer RenaissanceRe Holdings Ltd.'s net loss widened significantly to $1.1 billion in 2022 from a loss of $73.4 million in 2021 due to $807.6 million worth of catastrophe losses, The Royal Gazette reported. Net premiums written grew by 21.2%, driven by growth in casualty and specialty.