DaVinci Re made a net profit of $39.1mn in Q3, up eightfold from the $4.8mn profit a year earlier, as the RenaissanceRe sidecar benefited from an upswing in prior-year reserve releases.
DaVinci Re benefits from reserve releases in Q3

DaVinci Re made a net profit of $39.1mn in Q3, up eightfold from the $4.8mn profit a year earlier, as the RenaissanceRe sidecar benefited from an upswing in prior-year reserve releases.