Okay. Just in terms of introduction for those of you who are not familiar with RenaissanceRe or is familiar either -- not at all familiar or not as familiar as you’d like to be. RenaissanceRe is a leading and global provider of reinsurance and insurance coverages, through essentially three main underwriting units within company, our property cat unit, specialty reinsurance unit and then our Lloyd’s syndicate in London.RenRe was established in 1993 in Bermuda after Hurricane Andrew and although, we fluctuate a bit from time to time, the current market cap is about $3.9 billion. The company has achieved an operating ROE that’s averaged 22% since our inception and our tangible book value per share plus accumulated dividends which is the primary financial metric upon which we focus has grown at a compound annual rate of 20% since inception of the company.
RenaissanceRe's Management Presents At Morgan Stanley Financials Conference (Transcript)
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