Hashtag: #RenaissanceRe

RenRe Declare $0.33 Quarterly Dividend

RenRe Declare $0.33 Quarterly Dividend

The Board of Directors of Bermuda-based RenaissanceRe Holdings Ltd. announced they have declared a quarterly dividend of $0.33 per common share on its common shares. The dividend is payable on December 31, 2018, to shareholders of record on December 14, 2018. Related StoriesRenaissanceRe Declare Quarterly Dividend Fitch Affirms RenaissanceRe’s... Read more of this article

Fitch Affirms RenRe Following TMR Acquisition

Fitch Affirms RenRe Following TMR Acquisition

Following the news they will acquire Tokio Millennium Re, Fitch Ratings has affirmed the ratings of Bermuda-based RenaissanceRe Holdings and its subsidiaries, including the Issuer Default Rating [IDR] for RNR at ‘A’, and the Insurer Financial Strength [IFS] rating of Renaissance Reinsurance Ltd. at ‘A+’. The Rating Outlook... Read more of this article

RenaissanceRe Report Net Income Of $32.7M

RenaissanceRe Report Net Income Of $32.7M

Bermuda-based RenaissanceRe - which will be buying Tokio Millennium Re — reported net income available to RenaissanceRe common shareholders of $32.7 million, or $0.82 per diluted common share, in the third quarter of 2018, compared to a net loss attributable to RenaissanceRe common shareholders of $504.8 million, or $12.75 per diluted common... Read more of this article

RenaissanceRe To Acquire Tokio Millennium Re

RenaissanceRe To Acquire Tokio Millennium Re

Bermuda-based RenaissanceRe Holdings announced that it has entered into a definitive agreement with Tokio Marine Holdings, Inc. pursuant to which an affiliate of RenaissanceRe will acquire Tokio Marine’s reinsurance platform, which includes Tokio Millennium Re AG and Tokio Millennium Re [UK] Limited [collectively “TMR”]. “Under the terms... Read more of this article

RenRe Expect Q3 Catastrophe Loss Of $155M

RenRe Expect Q3 Catastrophe Loss Of $155M

Bermuda-based RenaissanceRe Holdings announced it currently estimates that losses from third quarter 2018 catastrophe events will have an estimated net negative impact of approximately $155 million on its third quarter 2018 results of operations. “The estimated losses for these events are primarily driven by Typhoon Jebi and Hurricane Florence,... Read more of this article

RenaissanceRe Urged To Explore Potential Sale

RenaissanceRe Urged To Explore Potential Sale

TimesSquare Capital Management — an institutional asset management firm with a significant stake in Bermuda-based RenaissanceRe Holdings –  has publicly urged RenaissanceRe to undertake a “review of strategic alternatives, including a possible sale of the Company.” A letter to RenaissanceRe, released by TimesSquare, stated, “We... Read more of this article

RenRe Declare $0.33 Quarterly Dividend

RenRe Declare $0.33 Quarterly Dividend

The Board of Directors of Bermuda-based RenaissanceRe Holdings Ltd. announced a quarterly dividend of $0.33 per common share on its common shares. The dividend is payable on September 28, 2018, to shareholders of record on September 14, 2018. Related StoriesRenaissanceRe Declare Quarterly Dividend Fitch Affirms RenaissanceRe’s Ratings RenaissanceRe... Read more of this article

RenaissanceRe Report Net Income Of $191.8M

RenaissanceRe Report Net Income Of $191.8M

Bermuda-based RenaissanceRe Holdings reported net income available to RenaissanceRe common shareholders of $191.8 million, or $4.78 per diluted common share, in the second quarter of 2018, compared to $171.1 million, or $4.24 per diluted common share, in the second quarter of 2017. Operating income available to RenaissanceRe common shareholders was... Read more of this article

RenaissanceRe Celebrates 25th Anniversary

RenaissanceRe Celebrates 25th Anniversary

Bermuda based re/insurer RenaissanceRe is celebrating their 25th anniversary, with the company’s CEO thanking everyone who has helped them to succeed. Kevin O’Donnell, President & CEO, said: “Over the past 25 years, RenaissanceRe has grown and evolved to meet our clients’ biggest risk challenges. Since the very beginning, we have been... Read more of this article

RenRe Public Offering Of Depositary Shares

RenRe Public Offering Of Depositary Shares

Bermuda-based RenaissanceRe Holdings has agreed to sell in an underwritten public offering 10,000,000 Depositary Shares, each of which represents a 1/1,000th interest in a share of its 5.75% Series F Preference Shares, $1.00 par value and $25,000 liquidation preference per share [equivalent to $25 per Depositary Share]. The public offering price is... Read more of this article

RenaissanceRe Declare $0.33 Quarterly Dividend

RenaissanceRe Declare $0.33 Quarterly Dividend

The Board of Directors of Bermuda-based RenaissanceRe Holdings Ltd.  announced a quarterly dividend of $0.33 per common share on its common shares. The dividend is payable on June 29, 2018, to shareholders of record on June 15, 2018. Related StoriesRenaissanceRe Declare Quarterly Dividend Fitch Affirms RenaissanceRe’s Ratings RenaissanceRe... Read more of this article

RenaissanceRe Report Net Income Of $56.7M

RenaissanceRe Report Net Income Of $56.7M

Bermuda-based RenaissanceRe Holdings Ltd. today reported net income available to RenaissanceRe common shareholders of $56.7 million, or $1.42 per diluted common share, in the first quarter of 2018, compared to $92.4 million, or $2.25 per diluted common share, in the first quarter of 2017. Operating income available to RenaissanceRe common... Read more of this article

Fitch Affirms RenRe’s Ratings, Outlook Stable

Fitch Affirms RenRe’s Ratings, Outlook Stable

Fitch Ratings has affirmed the ratings of RenaissanceRe Holdings Ltd. [RNR] and its subsidiaries, including the Insurer Financial Strength [IFS] rating of Renaissance Reinsurance Ltd. at ‘A+’ ['Strong'] and RNR’s senior unsecured debt at ‘A-’ and Issuer Default Rating [IDR] at ‘A’. The Rating Outlook is Stable.... Read more of this article