Bermuda-based reinsurer RenaissanceRe Holdings has rebranded its Ventures business as “RenaissanceRe Capital Partners.”
Senior Vice President Chris Parry is expected to lead this business and report to Kevin O’Donnell, President and Chief Executive Officer.
RenaissanceRe Capital Partners will remain focused on managing RenaissanceRe’s third-party capital relationships, joint ventures and managed funds.
As part of this rebranding, the strategic investments pillar of the business has been renamed “RenaissanceRe Strategic Investments.”
Jonathan Anderson, Senior Vice President, Global Head, Strategic Investments, will report to Bob Qutub, Chief Financial Officer, and be responsible for seeking and managing public and private investments that generate attractive risk-adjusted returns while advancing RenaissanceRe’s business objectives.
O’Donnell said: “Our strategy is to match attractive risk with efficient capital, and over the last two decades, our third-party capital management business has grown into one of the most distinguished in the industry. Critical to this success has been our partnership approach and strong alignment with third-party investors. The name RenaissanceRe Capital Partners reflects this differentiated model.
“Chris and J.J. are highly experienced RenaissanceRe team members and Bob and I look forward to continue working with them as we advance our strategy through these two important functions.”
Qutub added: “Operating an Integrated System is an important aspect of our strategy. Bringing RenaissanceRe Strategic Investments under the finance umbrella will unify our investment approach, enhance our business capabilities and increase shareholder value.”