NU Online News Service, Jan. 26, 11:13 p.m. EST

RenaissanceRe Holdings says it expects flooding in Thailand to negatively impact fourth-quarter results to the tune of $45 million.

The Pembroke, Bermuda-based company also says fourth-quarter results will include about $31 million in after-tax losses to its weather and energy risk-management operation, RenRe Energy Advisors Ltd., due to “unusually warm weather in the U.K. and certain parts of the U.S.” during the quarter.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.