Last modified by Wilton Risenhoover on 2023/12/14 23:41
From version < 4.2 >
edited by Md. Touhidul Islam
on 2023/11/25 06:37
To version < 4.3
edited by Wilton Risenhoover
on 2023/12/14 23:41
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Summary

Details

Page properties
Title
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1 -Renaissancere Holdings Ltd.
1 +RenaissanceRe Holdings Ltd.
Author
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1 -XWiki.MD_TOUHIDUL_ISLAM
1 +XWiki.wiltonio
Content
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89 89  |Delegated Authority|$593,928|$472,482|$1,066,410
90 90  |Total Gross Premiums Written|$3,734,241|$5,479,299|$9,213,540
91 91  
92 -
93 93  **Property Segment Overview:**
94 94  
95 95  The Property segment comprises two primary classes of business, each serving distinct purposes within the realm of insurance and reinsurance.
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128 128  |Other|$45,761|0.5%
129 129  |Total Property Segment|$3,734,241|40.5%
130 130  
131 -
132 132  |**Territory of Coverage**|**Gross Premiums Written**|**Percentage of Gross Premiums Written**
133 133  |U.S. and Caribbean|$2,556,466|27.7%
134 134  |Worldwide|$2,328,030|25.3%
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140 140  
141 141  **Other Business Information**
142 142  
143 -Unanticipated legal developments and societal changes may lead to unexpected claims under insurance and reinsurance contracts of RenaissanceRe. These developments could adversely affect the company by imposing additional coverage obligations or increasing the number and size of claims. The company believes that recent periods have seen adverse impacts on their property results due to increasing fraud and abuses at the primary claims level, as well as other forms of social inflation. Assignment of benefits practices in Florida has led to larger and more frequent claims and litigation, directly affecting the company's policies and reducing the value of investments in Florida domestic reinsurers. The complexity of legal and social changes makes it challenging to predict the full extent of the company's liability, and exposure to uncertainties may grow with the expansion of their casualty business, which involves longer-tail lines where claims can be made over many years, making them more susceptible to emerging trends.
141 +Unanticipated legal developments and societal changes may lead to unexpected claims under insurance and reinsurance contracts of RenaissanceRe. These developments could adversely affect the company by imposing additional coverage obligations or increasing the number and size of claims. The company believes that recent periods have seen adverse impacts on their property results due to increasing fraud and abuses at the primary claims level, as well as other forms of social inflation. Assignment of benefits practices in Florida has led to larger and more frequent claims and litigation, directly affecting the company's policies and reducing the value of investments in Florida domestic reinsurers. The complexity of legal and social changes makes it challenging to predict the full extent of the company's liability, and exposure to uncertainties may grow with the expansion of their casualty business, which involves longer-tail lines where claims can be made over many years, making them more susceptible to emerging trends. 
144 144  
145 145  = Company History =
146 146  
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