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 Capital Partners will remain focused on managing RenaissanceRe’s third-party capital relationships, joint ventures and managed funds, including DaVinci, Medici, Top Layer, Upsilon, and Vermeer.”
“As part of this rebranding, the strategic investments pillar of the business has been renamed “RenaissanceRe Strategic Investments.” Jonathan ‘J.J.’ Anderson, SVP, Global Head – Strategic Investments, will report to Bob Qutub, Chief Financial Officer, and be responsible for seeking and managing public and private investments that generate attractive risk-adjusted returns while advancing RenaissanceRe’s business objectives.”
Mr. O’Donnell said: “Our strategy is to match attractive risk with efficient capital, and over the last two decades, our third-party capital management business has grown into one of the most distinguished in the industry. Critical to this success has been our partnership approach and strong alignment with third-party investors. The name RenaissanceRe Capital Partners reflects this differentiated model.”
Mr. Qutub said: “Operating an Integrated System is an important aspect of our strategy. Bringing RenaissanceRe Strategic Investments under the finance umbrella will unify our investment approach, enhance our business capabilities and increase shareholder value.”
Mr. O’Donnell continued: “Chris and J.J. are highly experienced RenaissanceRe team members and Bob and I look forward to continue working with them as we advance our strategy through these two important functions.”
