O’Donnell said the company benefited from about $160 million of favorable reserve development, with a “proportionally larger contribution from other property.” CFO Bob Qutub added that the company reported favorable development in both segments, “with most of it coming from other property where we fully retain in our bottom-line results.”O’Donnell said RenaissanceRe’s model is designed to reduce reliance on any single market condition, emphasizing a balance of underwriting, fee, and investment income. In th ...