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Fly News Breaks for December 3, 2018
RNR
Dec 3, 2018 | 06:47 EDT
BofA/Merrill analyst Jay Cohen upgraded RenaissanceRe to Neutral and raised its price target to $144 from $125 saying the takeover premium in shares has been removed and sees better chances of improving cat reinsurance in 2019. Cohen said there is cautious optimism that renewals for catastrophe reinsurance pricing for US risks could increase in the upcoming renewal season.
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