Renaissance Re Holdings Limited reported Hurricane Wilma and regulatory troubles combined to create the first annual loss in company history, including a 2005 fourth-quarter loss of $210 million.
The Bermuda-based company said the fourth-quarter losses compared to earnings of $191.5 million in the comparable 2004 period.
The fourth-quarter figures represent $313.9 million net negative impact from company losses last October after Hurricane Wilma hit Florida creating an unusual amount of inland and urban insured losses.
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