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RenRe gives America’s Cup a place to anchor

A Bermuda reinsurance company has offered a berth to the America's Cup.

RenaissanceRe stepped in to provide office space for the America's Cup Event Authority (ACEA) at its HQ on the outskirts of Hamilton.

The ACEA, which has been operating from RenaissanceRe's Crow Lane offices since March, is based alongside the Bermuda America's Cup organisation ACBDA.

Sir Russell Coutts, the CEO of ACEA, said: “Our team has been overwhelmed by the welcome we've received and the amount of local support here in Bermuda for the America's Cup.

“Our office is a perfect example of this Bermudian hospitality, with RenaissanceRe opening its doors and welcoming us into their home for the next two-and-a-half years.”

The RenaissanceRe team on Friday threw an office “happy hour” celebration to officially welcome the America's Cup team to their offices.

RenaissanceRe's president and CEO Kevin O'Donnell said: “We are pleased to welcome the ACEA to the Island and to provide a base for the team's global headquarters on Renaissance's campus.”

Mr O'Donnell added his firm had been based in Bermuda since it was founded more than 20 years ago.

He said: “Just as we believe that this is the best place in the world to run our business, we are sure that visitors and competitors will find our Island an ideal location to host the America's Cup.

“We are proud to join the efforts of our community to help make this prestigious event a success and are looking forward to an exciting few years of world-class sport in Bermuda.”

Shake on it: Sir Russell Coutts, CEO of the America's Cup Event Authority, with Kevin O'Donnell, president of RenaissanceRe

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Published April 24, 2015 at 9:00 am (Updated April 23, 2015 at 9:50 pm)

RenRe gives America’s Cup a place to anchor

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