KBW Maintains Market Perform Rating On RNR

RenaissanceRe Holdings Ltd. RNR announced initial loss estimates for the 2011 Australian floods and NZ earthquake of $30 million ($0.62/sh) and $190 million ($3.95/sh), respectively, KBW reports.

“The company also commented on the recent earthquake in Japan, citing that the impact on RNR's results will be significant, but it is too early to provide an estimate,” KBW writes.

KBW maintains its Market Perform rating on shares of RenaissanceRe Holdings, which closed Wednesday at $63.90.