RenRe On Board Changes, Dividend & More
RenaissanceRe Holdings Ltd. announced board leadership changes, including appointing Henry Klehm III as Non-Executive Chair, electing Stephen C. Hooley as an independent director, and declaring a $0.41 quarterly dividend alongside a renewed $750 million share repurchase program.
A spokesperson said, “RenaissanceRe Holdings Ltd. today announced the following: Existing director, Henry Klehm III has been appointed Non-Executive Chair of the Board of Directors, succeeding James L. Gibbons in the role. Mr. Gibbons will continue to serve as an independent director of the Company and member of the Audit Committee.
“Stephen C. Hooley has been elected to serve as an independent director of the Company, succeeding David C. Bushnell who is retiring from the Board after 18 years of distinguished service.
“The Board of Directors has declared a quarterly dividend of $0.41 per common share on its common shares, payable on June 30, 2026, to shareholders of record on June 15, 2026.
“The Board of Directors has approved a renewal of RenaissanceRe’s authorized share repurchase program, bringing the total current authorization up to $750.0 million, which includes the remaining amounts under prior authorizations. The program will expire when the Company has repurchased the full value of the shares authorized, unless terminated earlier by the Board of Directors.
“Pursuant to the program, RenaissanceRe may repurchase shares through open market purchases and privately negotiated transactions, and the decision to repurchase common shares will depend on, among other things, the market price of the common shares and the Company’s capital requirements.”
Kevin J. O’Donnell, Chief Executive Officer, said, “I want to thank James for his exceptional leadership as Non-Executive Chair over the past decade. His guidance has been invaluable as we navigated a period of significant strategic growth and transformation. I look forward to the leadership that Henry will bring as Chair given his deep expertise in risk, compliance and corporate governance.”
Mr. O’Donnell continued, “I also want to thank David for his 18 years of distinguished service across all three Board committees. His insight and judgment in finance, capital markets, risk management, operations, and investments have made a lasting impact on RenaissanceRe. At the same time, we are pleased to welcome Stephen to the Board and look forward to the perspective that he will bring from his leadership experience in technology and financial services.”
