Hashtag: #RenaissanceRe
RenaissanceRe Celebrates 25th Anniversary
Bermuda based re/insurer RenaissanceRe is celebrating their 25th anniversary, with the company’s CEO thanking everyone who has helped them to succeed. Kevin O’Donnell, President & CEO, said: “Over the past 25 years, RenaissanceRe has grown and evolved to meet our clients’ biggest risk challenges. Since the very beginning, we have been... Read more of this article
RenRe Public Offering Of Depositary Shares
Bermuda-based RenaissanceRe Holdings has agreed to sell in an underwritten public offering 10,000,000 Depositary Shares, each of which represents a 1/1,000th interest in a share of its 5.75% Series F Preference Shares, $1.00 par value and $25,000 liquidation preference per share [equivalent to $25 per Depositary Share]. The public offering price is... Read more of this article
RenaissanceRe Declare $0.33 Quarterly Dividend
The Board of Directors of Bermuda-based RenaissanceRe Holdings Ltd. announced a quarterly dividend of $0.33 per common share on its common shares. The dividend is payable on June 29, 2018, to shareholders of record on June 15, 2018. Related Stories RenaissanceRe Announces Quarterly Dividend RenaissanceRe Announces Quarterly Dividend RenaissanceRe... Read more of this article
RenaissanceRe Report Net Income Of $56.7M
Bermuda-based RenaissanceRe Holdings Ltd. today reported net income available to RenaissanceRe common shareholders of $56.7 million, or $1.42 per diluted common share, in the first quarter of 2018, compared to $92.4 million, or $2.25 per diluted common share, in the first quarter of 2017. Operating income available to RenaissanceRe common... Read more of this article
Fitch Affirms RenRe’s Ratings, Outlook Stable
Fitch Ratings has affirmed the ratings of RenaissanceRe Holdings Ltd. [RNR] and its subsidiaries, including the Insurer Financial Strength [IFS] rating of Renaissance Reinsurance Ltd. at ‘A+’ ['Strong'] and RNR’s senior unsecured debt at ‘A-’ and Issuer Default Rating [IDR] at ‘A’. The Rating Outlook is Stable.... Read more of this article
RenRe Declare $0.33 Quarterly Dividend
The Board of Directors of Bermuda-based RenaissanceRe Holdings voted to increase the Company’s quarterly dividend to $0.33 per common share, from $0.32 per common share. The Company has increased its dividend during each of the twenty-three years since its initial public offering. The dividend is payable on March 29, 2018 to shareholders of record... Read more of this article
RenRe CEO: ‘Ended Year On Positive Note’
Bermuda-based RenaissanceRe Holdings reported net loss attributable to RenaissanceRe common shareholders of $3.5 million, or $0.09 per diluted common share, in the fourth quarter of 2017, compared to net income available to RenaissanceRe common shareholders of $69.4 million, or $1.69 per diluted common share, in the fourth quarter of 2016. For 2017,... Read more of this article
RenRe To Acquire Minority Catalina Shareholding
Catalina Holdings [Bermuda] and RenaissanceRe Holdings announced that RenaissanceRe Ventures Ltd., a subsidiary of RenaissanceRe, has signed a definitive agreement to acquire a minority shareholding in Catalina. The agreement is subject to regulatory approval and is expected to close concurrently with the majority acquisition of Catalina by affiliates... Read more of this article
RGA & RenaissanceRe Launch Langhorne Re
Reinsurance Group of America and RenaissanceRe Holdings announced the launch of Langhorne Re, a global reinsurer targeting large in-force life and annuity blocks. To date, Langhorne Re has secured $780 million of equity capital commitments including investments from RGA and RenaissanceRe. Langhorne Re will combine a strong long-term capital base with... Read more of this article
RenRe Estimates Impact Of U.S. Tax Bill
RenaissanceRe Holdings Ltd. announced that it has conducted a preliminary assessment of the Tax Cuts and Jobs Act of 2017, which was passed by both houses of the United States Congress as of December 20, 2017. The Tax Bill amends a range of U.S. federal tax rules applicable to individuals, businesses and international taxation, including, among other... Read more of this article
RenRe Estimate $90M Impact From Wildfires
Bermuda-based RenaissanceRe Holdings said it currently estimates that losses from the October 2017 California Wildfires will have a net negative impact of $90 million on its fourth quarter 2017 results of operations. The California Wildfires caused widespread damage to both personal and commercial property in and around the impacted regions. Kevin... Read more of this article
Improving Natural Catastrophe Resiliency Forum
In light of the rise in natural catastrophe events occurring during the 2017 Atlantic hurricane season, approximately 100 leading insurance industry experts, policy makers, scientists and environmentalists gathered at Lloyd’s of London yesterday to discuss strategies for improving natural catastrophe resiliency and closing the protection coverage... Read more of this article
