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Fitch affirms RenRe
Fitch Ratings said it affirmed RenaissanceRe Holdings Ltd.'s issuer default rating at A.
The outlook is stable.
The affirmation reflects the company's continued strong leadership position in the property catastrophe reinsurance market, RNR's reasonable operating and financial leverage and overall high quality and liquid portfolio of fixed-income and short-term investments, according to the agency.
The ratings also reflect the competitive, but improved property catastrophe market rate environment, volatile underwriting results and potential volatility from the company's alternative investments, the agency noted.
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