RenRe Q3 UW gain up 2% as $292mn in favourable PPD offsets cats that more than triple

RenaissanceRe grew its Q3 underwriting gain by 2 percent to $394mn, driven by 11 percent growth in its property underwriting profit to $395mn, more than offsetting results in the casualty and specialty segment, which essentially broke even after a $30mn profit a year ago.