RenaissanceRe Holdings (NYSE:RNR)
CAPS Rating:
The Company with its operating subsidiaries, is a provider of reinsurance and insurance.
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The Company with its operating subsidiaries, is a provider of reinsurance and insurance.
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RNR is making a very decent money at its market and has (as I understand) built a good reputation in its market. The company's valuation is quite low and I presume that with time that will correct itself. When I look at the historical trends I see that compared to book value per share RNR:s value has declined greatly lately. Either the market was wrong a while ago, or it is wrong now.
RNR:s Investor relations material has some extremely sound thinking and risk management factors in it. If they honestly think the same way that they write, I venture to say that this company will continue to do well.
What is disturbing with companies like RNR is that if a extremely big catastrophe hits USA, RNR might go under with that. I guess a similar risk goes for many other companies also though, whether they are in insurance business or not.