Hashtag: #RenaissanceRe
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
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 [Long-Term ICR] of “aa-” of Renaissance Reinsurance Ltd. [RenaissanceRe], Renaissance Reinsurance U.S. Inc. [Maryland], RenaissanceRe Specialty U.S. Ltd., Renaissance Reinsurance of Europe Unlimited Company [Dublin, Ireland] and RenaissanceRe... Read more of this article
RenaissanceRe Reports First Quarter Results
RenaissanceRe Holdings reported net loss attributable to RenaissanceRe common shareholders of $82.0 million, or $1.89 per diluted common share, in the first quarter of 2020, compared to net income available to RenaissanceRe common shareholders of $273.7 million, or $6.43 per diluted common share, in the first quarter of 2019. Operating income available... Read more of this article
RenaissanceRe Increases Quarterly Dividend
The Board of Directors of RenaissanceRe Holdings voted to increase the Company’s quarterly dividend to $0.35 per common share, from $0.34 per common share. The Company has increased its dividend during each of the twenty-five years since its initial public offering. The dividend is payable on March 31, 2020, to shareholders of record on March 13,... Read more of this article
RenaissanceRe Report Net Income Of $33.8M
RenaissanceRe Holdings reported net income available to RenaissanceRe common shareholders of $33.8 million, or $0.77 per diluted common share, in the fourth quarter of 2019, compared to a net loss attributable to RenaissanceRe common shareholders of $83.9 million, or $2.10 per diluted common share, in the fourth quarter of 2018. Operating income available... Read more of this article
Ann Manal Joins RenaissanceRe As CHRO
RenaissanceRe Holdings announced that Ann Manal has joined the Company as Chief Human Resources Officer responsible for overseeing the global HR Function. She will be based at the Company’s Bermuda headquarters. Kevin O’Donnell, President and Chief Executive Officer, stated: “I am delighted to welcome Ann to our global leadership team. “At... Read more of this article
RenaissanceRe Sponsor BIOS Programme
BIOS has announced that RenaissanceRe will fund the the Mid-Atlantic Robotics IN Education [MARINE] program for the next two years. A spokesperson said, “Since 2015, the Mid-Atlantic Robotics IN Education program has been a core component of BIOS’s Ocean Academy, which offers a suite of hands-on education and research opportunities for students... Read more of this article
