Tuesday, July 31, 2007

UPDATE 1-RenaissanceRe 2nd-qtr profit rises, exceeds view

(Reuters) - RenaissanceRe, which provides backup coverage to property
insurers in case of catastrophe claims, said net earnings were
$183.2 million, or $2.53 per share, up from $130.4 million, or
$1.81 a share, in the year-earlier quarter.




RenaissanceRe said operating earnings, which analysts use
to measure performance because it excludes investments, were
$194.7 million, or $2.69 a share.


Read more at Reuters.com Market News

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