RenRe reports Q1 miss driven by Ogden hit

RenaissanceRe posted operating earnings of $1.18 per share in
the first quarter, well short of what equity analysts had predicted
as the UK's Ogden rate change cut into profits for the
period.
According to MarketWatch.com, Wall Street's consensus view
called for operating profit of $1.86 per share from the Bermudian
for the first quarter.
Compared with the 2016 first quarter, profit slid almost 22
percent. In addition to the Ogden rate change, RenRe's CEO
Kevin O'Donnell cited a rise in...