Based upon information currently available, the Company estimates that the pre-tax impact of the rate change on its carried reserves is approximately
Due to the complexity of factors contributing to the change in reserve estimates, the ultimate impact to the Company’s reserves as a result of the change in the Ogden rate may vary from these estimates.
Cautionary Statement Regarding Forward Looking Statements
Any forward-looking statements made in this Press Release reflect RenaissanceRe’s current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous factors that could cause actual results to differ materially from those set forth in or implied by such forward-looking statements, including the following: the frequency and severity of catastrophic and other events that the Company covers; the effectiveness of the Company’s claims and claim expense reserving process; the Company’s ability to maintain its financial strength ratings; the effect of climate change on the Company’s business; the effect of
Senior Vice President, Treasurer
Director – Communications