Hashtag: #RenaissanceRe
RenRe Expect $180M Loss From Winter Storm
RenaissanceRe announced it estimates that “losses from Winter Storm Uri will have a net negative impact of approximately $180 million on the Company’s first quarter 2021 results of operations.” A spokesperson said, “Winter Storm Uri was a major wind and ice storm that impacted the U.S. in February 2021, causing widespread damage... Read more of this article
RenaissanceRe Rebrands Ventures Business
RenaissanceRe announced that it will be rebranding its Ventures business as ‘RenaissanceRe Capital Partners.’ “Chris Parry, SVP, Global Head – Capital Partners [pending Bermuda Immigration approval], will lead this business and report to Kevin O’Donnell, President and Chief Executive Officer,” the company said. “RenaissanceRe... Read more of this article
RenRe Announce $0.36 Quarterly Dividend
The Board of Directors of RenaissanceRe Holdings Ltd. voted to increase the Company’s quarterly dividend to $0.36 per common share, from $0.35 per common share. The Company has increased its dividend during each of the twenty-six years since its initial public offering. The dividend is payable on March 31, 2021, to shareholders of record on March... Read more of this article
RenaissanceRe Reports Fourth Quarter Results
RenaissanceRe Holdings reported net income available to RenaissanceRe common shareholders of $189.8 million, or $3.74 per diluted common share, in the fourth quarter of 2020, compared to $33.8 million, or $0.77 per diluted common share, in the fourth quarter of 2019. Operating loss attributable to RenaissanceRe common shareholders was $77.1 million,... Read more of this article
RenaissanceRe: Three Strategic Focus Areas
RenaissanceRe Holdings Ltd. has announced three strategic focus areas as part of its Environmental, Social and Governance [ESG] strategy: Promoting Climate Resilience; Closing the Protection Gap; and Inducing Positive Societal Change. More information can be found on RenaissanceRe’s new ESG website which provides insight into key sustainability activities... Read more of this article
RenaissanceRe Expect ‘Net Negative Impact’
RenaissanceRe announced it estimates that losses from weather-related catastrophe events and certain losses related to the COVID-19 pandemic will have a “net negative impact on the Company’s fourth quarter 2020 results of operations.” “For the fourth quarter of 2020, the Company expects to report net income available to common shareholders;... Read more of this article
RenaissanceRe Names Bender As Counsel
RenaissanceRe Holdings Ltd. announced that Shannon Lowry Bender will assume the role of Senior Vice President, Group General Counsel and Corporate Secretary effective January 1, 2021. She succeeds Stephen Weinstein, Executive Vice President, Group General Counsel, Corporate Secretary and Chief Compliance Officer, who will be departing RenaissanceRe... Read more of this article
RenaissanceRe Announces Quarterly Dividend
The Board of Directors of RenaissanceRe Holdings Ltd. announced a quarterly dividend of $0.35 per common share on its common shares. The dividend is payable on December 31, 2020, to shareholders of record on December 15, 2020. Related Stories RenaissanceRe Announces Quarterly Dividend RenaissanceRe Announces Quarterly Dividend RenaissanceRe Announces... Read more of this article
RenaissanceRe Announces Quarterly Dividend
The Board of Directors of RenaissanceRe Holdings Ltd. announced a quarterly dividend of $0.35 per common share on its common shares. The dividend is payable on December 31, 2020, to shareholders of record on December 15, 2020. Related Stories RenaissanceRe Announces Quarterly Dividend RenaissanceRe Announces Quarterly Dividend RenaissanceRe Announces... Read more of this article
RenaissanceRe Reports Third Quarter Results
RenaissanceRe Holdings reported net income available to RenaissanceRe common shareholders of $47.8 million, or $0.94 per diluted common share, in the third quarter of 2020, compared to $36.7 million, or $0.83 per diluted common share, in the third quarter of 2019. Operating loss attributable to RenaissanceRe common shareholders was $131.7... Read more of this article
RenRe Expect Q3 Catastrophe Loss Of $325M
RenaissanceRe Holdings Ltd. announced it currently estimates that losses from third quarter 2020 catastrophe events will have an estimated net negative impact of approximately $325 million on its third quarter 2020 results of operations. A spokesperson said, “The estimated net negative impact is primarily driven by losses from Hurricanes Laura and... Read more of this article
Michael Doak To Leave RenaissanceRe
RenaissanceRe Holdings announced that Michael Doak, Senior Vice President and Portfolio Manager for the Company’s strategic investment portfolio, “will be departing to launch Griffin Highline Capital, a new private investment firm focused on the insurance industry.” Kevin J. O’Donnell, Chief Executive Officer of RenaissanceRe, said:... Read more of this article
RenaissanceRe Announces Quarterly Dividend
The Board of Directors of RenaissanceRe Holdings Ltd. announced a quarterly dividend of $0.35 per common share on its common shares. The dividend is payable on September 30, 2020, to shareholders of record on September 15, 2020. Related Stories RenaissanceRe Announces Quarterly Dividend RenaissanceRe Announces Quarterly Dividend RenaissanceRe... Read more of this article
RenaissanceRe Reports Second Quarter Results
RenaissanceRe Holdings reported net income available to RenaissanceRe common shareholders of $575.8 million, or $12.63 per diluted common share, in the second quarter of 2020, compared to net income available to RenaissanceRe common shareholders of $367.9 million, or $8.35 per diluted common share, in the second quarter of 2019. Operating income available... Read more of this article
RenaissanceRe Announce Management Change
RenaissanceRe Holdings Ltd. announced that Kevin O’Donnell, Chief Executive Officer, will assume responsibility for the Ventures business on an interim basis as Aditya Dutt, Senior Vice President, Ventures, will be leaving the Company to pursue a new opportunity. Mr. O’Donnell said: “I am excited to be leading the Ventures business at a time when... Read more of this article
RenRe Offers 5,500,000 Common Shares
RenaissanceRe Holdings announced the pricing of an underwritten public offering of 5,500,000 of its common shares at a price to the public of $166.00 per share, before underwriting discounts and commissions. The offering is expected to close on June 5, 2020, subject to customary closing conditions. The Company intends to use the net proceeds from this... Read more of this article
