RenRe books Mozambique exposure

The Bermudian reinsurer RenaissanceRe has
reserved for the impact of potential credit losses in Mozambique,
RenRe CEO Kevin O'Donnell said on an earnings call with
analysts.
The Insurance
Insider reported on May 2 that soured loans to state
owned companies in Mozambique were insured against
default in the political risk market.
Responding to a query from Bank of America
Merrill Lynch analyst Jay Cohen about specialty losses,
O'Donnell said: "I am going to give you a specific
example. One of...