PEMBROKE, Bermuda RenaissanceRe Holdings Ltd. today announced it estimates that losses from certain 2021 catastrophe events will have a net negative impact of approximately $725 million on the Company’ s third quarter 2021 results of operations. This estimate is primarily comprised of net negative impacts of approximately $440 million from Hurricane.
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RenaissanceRe Announces $500 Million Public Offering of Depositary Shares Representing 4.20% Series G Preference Shares
July 7, 2021 GMT
PEMBROKE, Bermuda (BUSINESS WIRE) Jul 7, 2021
RenaissanceRe Holdings Ltd. (NYSE: RNR) (the “Company” or “RenaissanceRe”) announced today it has agreed to sell in an underwritten public offering 20,000,000 Depositary Shares, each of which represents a 1/1,000th interest in a share of its 4.20% Series G Preference Shares, $1.00 par value and $25,000 liquidation preference per share (equivalent to $25 per Depositary Share). The public offering price is $25 per Depositary Share for an aggregate public offering price of $500,000,000. RenaissanceRe currently expects to consummate the sale to the underwriters on July 12, 2021, subject to customary closing conditions. RenaissanceRe anticipates using the net proceeds from the offering to redeem all of i
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RenaissanceRe Announces Estimated Net Negative Impact on First Quarter 2021 Results of Operations from Winter Storm Uri
April 14, 2021 GMT
PEMBROKE, Bermuda (BUSINESS WIRE) Apr 14, 2021
RenaissanceRe Holdings Ltd. (NYSE: RNR) (the “Company” or “RenaissanceRe”) today announced it estimates that losses from Winter Storm Uri will have a net negative impact of approximately $180 million on the Company’s first quarter 2021 results of operations. Winter Storm Uri was a major wind and ice storm that impacted the U.S. in February 2021, causing widespread damage in many areas, including Texas. For the first quarter of 2021, the Company expects to report a net loss attributable to common shareholders and nominal operating income available to common shareholders.