Question · Q4 2025
Dean Crisitello asked about the trend of ceding commissions within RenaissanceRe's casualty book during the January 1 renewals. He also inquired about the impact of the company's growth in the credit line, part of the casualty and specialty segment, on underlying losses and the expense ratio going forward.
Answer
David Marra, Executive Vice President and Group Chief Underwriting Officer, stated that ceding commissions in casualty were generally flat, with market improvements primarily on the insurance side. He explained that the credit line, encompassing mortgage, standard credit bond, political risk, and structured credit, has been highly profitable, with recent growth in structured credit and mortgage offering high profit margins and good portfolio additions.
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