Ascendant Re reports strong Q4’23 performance and positive outlook for 2024

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Reinsurance News - Mar 12, 2024

Ascendant Re, a Cayman Islands-based annuity reinsurer, recently disclosed its financial performance for the fourth quarter of 2023, revealing a total net income of $6.7 million. During Q4, the net book value per preferred share surged by 25.3% compared to the prior quarter, rising from $1,881 to $2...

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