NU Online News Service, May 3, 1:13 p.m. EDT

Two Bermuda reinsurers report positive gains in their net earnings for the first quarter of this year helped by light catastrophe losses during the period.

Pembroke, Bermuda-based RenaissanceRe Holdings Ltd. reports net income of $201 million, or $3.88 a share, compared to net loss of $248 million, or loss per share of $4.69, for the same period last year.

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