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WOW - a little sting in the tail

Dear friend,

Here’s an ironic twist that shows just how much of a good sport our industry really is.

RenRe is one of the companies with most to lose from the extraction of approximately $2bn worth of reinsurance business because of the planned expansion of the Florida Hurricane Catastrophe Fund.

But do they throw their toys out of the pram? No way.

In fact they’ve just announced the continuation of their support for lab testing of wind damage down at the International Hurricane Research Centre.

Its going to be called the RenaissanceRe wall of wind – or WOW, to its friends.

And its in Florida!

Hardly the unacceptable face of capitalism, is it?

RenRe will be clearly be back when Florida is good and ready

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