Best Downgrades RenRe Ratings; Keeps Under Review/Negative

November 4, 2005

  • November 4, 2005 at 1:16 am
    cliff says:
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    State Farm Insurance, owns 50% of RenRe and DaVinci Re. Reinsurance companies taking full advantage of tax loopholes in Bermuda. Earnings in some of these reinsurance companies for shareholders, have been almost 1200%, in some instances.
    Now, due to global exposures and claims, the ratings are lowered. Renaissance Re, also 50% owned by State Farm, has been served by the SEC a \”Wells Notice\”. I SMELL RATES INCREASING IN THE U.S. FOR PROPERTY AND CASUALTY INSURANCE. GET READY!

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