Hashtag: #RenaissanceRe
RenRe Expect $650M Catastrophe Impact
RenaissanceRe Holdings announced it estimates that losses from certain 2022 catastrophe events will have a net negative impact of approximately $650 million on the Company’s third quarter 2022 results of operations. A spokesperson said, “This estimate is primarily driven by the net negative impact of approximately $540 million from Hurricane... Read more of this article
RenRe Announces $0.37 Quarterly Dividend
The Board of Directors of RenaissanceRe Holdings announced a quarterly dividend of $0.37 per common share on its common shares. The dividend is payable on September 30, 2022, to shareholders of record on September 15, 2022. “In addition, the Board of Directors approved a renewal of RenaissanceRe’s authorized share repurchase program, bringing... Read more of this article
AM Best Affirms RenaissanceRe Credit Ratings
AM Best has affirmed the Financial Strength Rating [FSR] of A+ [Superior] and the Long-Term Issuer Credit Ratings of “aa-” [Superior] of Renaissance Reinsurance Ltd. The ratings agency said, “The ratings of RenaissanceRe reflect the group’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance,... Read more of this article
RenaissanceRe Announces Quarterly Dividend
The Board of Directors of RenaissanceRe Holdings Ltd. announced a quarterly dividend of $0.37 per common share on its common shares. The dividend is payable on June 30, 2022, to shareholders of record on June 15, 2022. “In addition, the Board of Directors approved a renewal of RenaissanceRe’s authorized share repurchase program, bringing the... Read more of this article
RenaissanceRe Appoints Shannon Lowry Bender
RenaissanceRe Holdings Ltd. announced that Shannon Lowry Bender, Group General Counsel and Corporate Secretary, has been appointed to the Company’s Governance Committee, which is the most senior management team at RenaissanceRe and is responsible for governance and strategy of the Company. Kevin J. O’Donnell, President and Chief Executive Officer... Read more of this article
RenRe New Casualty & Specialty Joint Venture
RenaissanceRe Holdings Ltd. announced the creation of Fontana Holdings L.P. and its subsidiaries, which they said was an “innovative joint venture dedicated to writing Casualty and Specialty risks.” A spokesperson said, “Fontana launched with $475 million of capital and targets institutional investors, who contributed $325 million, with... Read more of this article
RenaissanceRe Announces ESG & Climate Roles
RenaissanceRe Holdings announced “key appointments that advance its Environmental, Social, and Governance [ESG] strategy and further the Company’s industry-leading understanding of climate risk.” A spokesperson said, “RenaissanceRe’s purpose is to protect communities and enable prosperity, which is reflected in an ESG strategy... Read more of this article
Gidumal To Join RenaissanceRe Board
The Board of Directors of RenaissanceRe Holdings Ltd. announced today that Shyam Gidumal has been nominated to stand for election as an independent director of the Company at its Annual General Meeting of Shareholders in May 2022 and that, at such time, Jean Hamilton will retire from the Board. Kevin J. O’Donnell, President and Chief Executive Officer... Read more of this article
RenRe Increase Quarterly Dividend To $0.37
The Board of Directors of RenaissanceRe Holdings voted to increase the Company’s quarterly dividend to $0.37 per common share, from $0.36 per common share. A spokesperson said, “The Company has increased its dividend during each of the twenty-seven years since its initial public offering. The dividend is payable on March 31, 2022, to shareholders... Read more of this article
RenaissanceRe Announces $0.36 Dividend
The Board of Directors of RenaissanceRe Holdings announced a quarterly dividend of $0.36 per common share on its common shares. The dividend is payable on December 31, 2021, to shareholders of record on December 15, 2021. “In addition, the Board of Directors approved a renewal of RenaissanceRe’s authorized share repurchase program, bringing... Read more of this article
RenRe Estimate 2021 Q3 Net Negative Impact
RenaissanceRe Holdings announced it estimates that losses from certain 2021 catastrophe events will have a net negative impact of approximately $725 million on the Company’s third quarter 2021 results of operations. This estimate is primarily comprised of net negative impacts of approximately $440 million from Hurricane Ida in August 2021 and... Read more of this article
RenRe Announce $0.36 Quarterly Dividend
RenaissanceRe Holdings Ltd. announced today a quarterly dividend of $0.36 per common share on its common shares. The dividend is payable on September 30, 2021, to shareholders of record on September 15, 2021. “In addition, the Board of Directors approved a renewal of RenaissanceRe’s authorized share repurchase program, bringing the total current... Read more of this article
RenRe Announces Redemption Of Shares
RenaissanceRe Holdings Ltd. announced that it has decided to call all 11,000,000 of its outstanding 5.375% Series E Preference Shares for mandatory redemption on August 11, 2021. A spokesperson said, “The redemption price will be $25.00 per Series E Preference Share, plus accrued and unpaid dividends to August 10, 2021. The Company will use a... Read more of this article
RenRe Public Offering Of Depositary Shares
RenaissanceRe Holdings Ltd. has agreed to sell in an underwritten public offering. The company said, “RenaissanceRe Holdings Ltd. [RenaissanceRe] announced it has agreed to sell in an underwritten public offering 20,000,000 Depositary Shares, each of which represents a 1/1,000th interest in a share of its 4.20% Series G Preference Shares, $1.00... Read more of this article
RenRe Announce $0.36 Quarterly Dividend
RenaissanceRe Holdings Ltd. announced a quarterly dividend of $0.36 per common share on its common shares. “The dividend is payable on June 30, 2021, to shareholders of record on June 15, 2021,” the company said. “In addition, the Board of Directors approved a renewal of RenaissanceRe’s authorized share repurchase program, bringing... Read more of this article
RenaissanceRe Announces Quarterly Dividend
The Board of Directors of RenaissanceRe Holdings Ltd. announced a quarterly dividend of $0.36 per common share on its common shares. The dividend is payable on June 30, 2021, to shareholders of record on June 15, 2021. In addition, the Board of Directors approved a renewal of RenaissanceRe’s authorized share repurchase program, bringing the total... Read more of this article
