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Reinsurance and insurance company RenaissanceRe has increased its share repurchase programme to $500 million. The company said the authorisation includes remaining amounts available under previous allocations to buy back shares. Under the scheme, Ren...

Former bank boss James Gibbons is to become non-executive chairman of RenaissanceRe. He will assume his new role with the reinsurance and insurance company next May. Bermudian Mr Gibbons was president and chief executive officer of Capital G Limited ...

A lack of hurricanes hitting the US boosted profits at reinsurance firm RenaissanceRe in the third quarter of the year. The firm recorded profits of $75.5 million — equal to $1.68 per share — up $7.7 million on the $67.8 million logged for the same p...

A former Berkeley Institute pupil has won a top scholarship from reinsurance firm RenaissanceRe. Ryan Robinson Perinchief will get $25,000 a year for up to four years to assist him with his studies at Durham University in the UK. Mr Robinson Perinchi...

RenaissanceRe’s profits rose more than 11 per cent in a first quarter notable for the completion of the reinsurer’s acquisition of Platinum Underwriters. RenRe recorded $167.8 million in net income, up from $151 million in the corresponding quarter o...

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 Rena...

Around half of the 37 Bermuda-based employees of Platinum Specialty Underwriters Holdings Ltd have accepted redundancy packages after the reinsurer was bought out by RenaissanceRe Holdings Ltd, The Royal Gazette understands, while the other half acce...

RenaissanceRe Holdings Ltd has given shareholders of Platinum Underwriters Holdings Ltd until 5pm on February 26 to choose the mix of stock and cash they want to receive as a result of the combination of the two Bermuda reinsurers. A special meeting ...

RenaissanceRe Holdings Ltd’s acquisition of fellow Bermuda reinsurer Platinum Underwriters Holdings Ltd has moved a big step closer. RenRe has cleared all regulatory hurdles necessary to complete the deal, the company announced. Meanwhile, Platinum h...

RenaissanceRe Holdings Ltd’s net income dipped 36 per cent in the fourth quarter as the company grappled with pressure on pricing from abundant capital in the industry — but operating earnings surpassed analysts’ expectations. The company posted net ...

Both Fitch Ratings and Standard & Poor’s Ratings Services have affirmed the ratings of RenaissanceRe, after the Bermuda reinsurer announced its proposed $1.9 billion acquisition of Platinum Underwriters Holdings, Ltd. The two agencies’ assessments ru...