Q1 specialty downturn a one-off: RenRe

RenaissanceRe executives said the weaker underwriting performance
reported by its specialty reinsurance business in the first quarter
of 2016 came from isolated events and was not a sign of a
deteriorating trend.
The carrier's specialty unit reported a 100 percent combined
ratio in the quarter, compared to a profitable 77.5 percent in Q1
2015.
It reported overall reserve strengthening of $3.5mn, which the
carrier noted was minor set against $1.8bn of total casualty
reserves.
The $3.5mn movement