Hashtag: #RenaissanceRe
Renaissance Re CEO: ‘Market Change Ahead’
The industry should “stay tuned” to gauge the combined effect of the revised catastrophe model from Risk Management Solutions and early year losses from catastrophic events in Australia and New Zealand, the CEO of Bermuda re/insurer Renaissance Re told National Underwriter Online News Service today [Mar. 8]. Neil Currie [pictured] described the... Read more of this article
RenaissanceRe Completes Sale to QBE
Bermuda-based RenaissanceRe Holdings Ltd. has completed the sale of its U.S.-based admitted insurance operations to QBE Holdings, Inc. Mr. Neill A. Currie, CEO of RenaissanceRe Holdings Ltd., said: “I am pleased to report the closing of the sale of our U.S.-based admitted insurance operations. I am particularly pleased that our clients were served... Read more of this article
Renaissance Re Profits Plunge
RenaissanceRe Holdings Ltd.’s yesterday [Feb. 8] announced fourth-quarter profit dropped 40 percent amid lower revenue, but the Bermuda-based reinsurer’s core earnings increased. The reinsurer had seen core earnings decline in recent quarters. Still, Fitch Ratings upgraded the company by a notch last month, noting its “continued... Read more of this article
Fitch Upgrades RenRe’s IFS to ‘A+’
Fitch has upgraded the Insurer Financial Strength (IFS) rating on Renaissance Reinsurance Ltd to ‘A+’ from ‘A’. The Rating Outlook is Stable. Fitch’s rating rationale for the one notch upgrade of RNR’s ratings reflects the company’s continued strong leading position in the property/catastrophe reinsurance market... Read more of this article
Renaissance Reinsurance Approved by Florida
Bermuda-based Renaissance Reinsurance Ltd. has been approved to participate in Florida’s property reinsurance marketplace with modified collateral requirements. In 2007, lawmakers in the hurricane-prone state passed legislation authorising the Office of Insurance Regulation to establish lower collateral requirement for non-United States based... Read more of this article
RenaissanceRe to Sell US Insurance Business
Bermuda-based provider of reinsurance and insurance services RenaissanceRe Holdings has agreed to sell its US insurance activities to QBE Holdings, which underwrites property, casualty and health insurance products. The proceeds from the divestment, to be paid at closing, are estimated at some $275 million in cash, based on the business’ book... Read more of this article
RenaissanceRe Expands Executive Committee
RenaissanceRe Holdings Ltd announced that four additional individuals have been appointed to its Executive Committee, increasing the number of the Executive Committee members from seven to eleven. The new appointees are: Ross A. Curtis, Senior Vice President and Chief Underwriting Officer of European Operations Aditya K. Dutt, Senior Vice President... Read more of this article
World Insurance Forum to be Webcast Free Today
The World Insurance Forum [WIF] will be webcast free online today and tomorrow. Held at the Tuckers Point Club, the seminar will discuss the critical issues with which the international [re]insurance industry is confronted. You may send in questions to info@worldinsuranceforum.com for the panelists to answer during the session. The Reinsurance Magazine... Read more of this article
Bermuda Insurers File Opposition to American Bill
The Association of Bermuda Insurers and Reinsurers [ABIR] has filed an opposition to a proposed new American regulation now in Congress. The Bill HR 2555: Homeowners’ Defense Act of 2009 is described as “To ensure the availability and affordability of homeowners’ insurance coverage for catastrophic events”. The ABIR President... Read more of this article
30 Top Speakers at Bermuda Insurance Summit
The Insurance Day Summit will be held on June 15/16 at the Fairmont Hamilton Princess, and already features an extremely impressive array of speakers. There are over thirty of the best business minds in the insurance field scheduled to speak so far… full list below: Albert Benchimol – EVP and Chief Financial Officer, Partner Re Beat Holliger... Read more of this article
