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Duncan Hennes and Valerie Rahmani have joined the board of Bermudian-based RenaissanceRe Holdings Ltd. They have been appointed as independent directors. Mr Hennes is the co-founder and Partner of Atrevida Partners, LLC. While Dr Rahmani most recentl...

RenaissanceRe Holdings Ltd notched up $171.1 million in profit for the second quarter of the year. The figure, equal to $4.24 per common share, is up $34.8 million on the $136.3 million and $3.22 per common share recorded for the same period last yea...

RenaissanceRe Holdings Ltd has priced a $300 million offering of senior notes with a ten-year duration. The notes will be sold by the Bermudian reinsurer’s subsidiary RenaissanceRe Finance, and will pay investors a yield of 3.45 per cent. Due in 2027...

Bermudian-based reinsurance and insurance firm RenaissanceRe has posted profits of $92.4 million for the first quarter of the year. The figure, equal to $2.25 per common share, is down $35.6 million on the first quarter of last year. Kevin O’Donnell,...

Bermudian reinsurer RenaissanceRe Holdings Ltd is to bolster its reserves by $30 million to take account of the discount rate used to calculate lump sum awards in UK bodily injury cases. From March 20, the Ogden rate changed from plus 2.5 per cent to...

RenaissanceRe has increased its dividend for the 22nd consecutive year. The Bermudian reinsurer announced that its board had decided to raise the quarterly payout to 32 cents per share from 31 cents. The next dividend will be paid on March 31 to shar...

Reinsurance firm RenaissanceRe yesterday posted $69.4 million in profits for the last quarter of 2016 — $22.8 million down on the $92.2 million for the same period of 2015. The company said that Hurricane Matthew, a Category 5 storm that cut through ...

Renaissance Reinsurance Ltd today has formed Fibonacci Reinsurance Ltd, a special purpose insurer domiciled in Bermuda. Fibonacci Re has been formed to provide collateralised capacity to Renaissance Reinsurance, the principal Bermudian-based reinsur...

Reinsurance firm RenaissanceRe has announced two management changes. Sean Brosnan, vice-president, managing director investments of Renaissance Services of Europe, and CEO of Renaissance Reinsurance of Europe, has been promoted to senior vice-preside...

RenaissanceRe Holdings Ltd almost doubled its third-quarter profit to $146.8 million, helped by strong investment gains. The Bermuda reinsurer’s net income broke down to $3.56 per share, compared to $75.5 million, or $1.66 per share in the same quart...

James Fraser is to replace Mark Wilcox as chief accounting officer at RenaissanceRe Holdings. After 13 years with the company, Mr Wilcox is to return to the US to pursue an opportunity outside of RenRe. His successor, Mr Fraser, will take on responsi...

Bermuda is “confidently emerging from the throes of an economic downturn”, a cabinet minister said on a visit to an international reinsurance company. Senator Jeff Baron, the Minister of National Security, told staff of RenaissanceRe Holdings that th...