RenaissanceRe Holdings Ltd. has announced the addition of Duncan P. Hennes and Dr. Valerie Rahmani to its Board of Directors, as independent directors, effective August 2nd, 2017.
Hennes is the Co-Founder and Partner of Atrevida Partners, LLC, and Dr. Rahmani recently served as Chief Executive Officer (CEO) of Damballa, Inc., a cyber-security firm.
Commenting on the appointments, James L. Gibbons, non-Executive Chair of RenaissanceRe, said; “Our Board continually reviews its composition in light of the Company’s strategy and evolving operations, and seeks to identify potential candidates who may strengthen our Board’s breadth of talent and background. With Duncan and Val we are delighted to have identified two such outstanding individuals. We welcome them to our Board.”
The announcement comes after the firm previously revealed that William F. Hagerty and Ralph B. Levy retired as members of the Board, effective July 20th and August 2nd, 2017, respectively.
President and CEO of RenaissanceRe, Kevin J. O’Donnell, said; “On behalf of my fellow directors and management team, I am pleased to recognize Ralph and Bill for their distinguished service. Ralph’s leadership and advice during his 10 years as a director helped RenaissanceRe to navigate through market cycles, important regulatory developments and organizational changes. Bill’s wise counsel during his tenure was invaluable during a pivotal period for the Company. We thank them for their service, and look forward to welcoming Duncan and Val.”
Gibbons, added; “The entire RenaissanceRe Board is grateful for Bill and Ralph’s service and leadership as directors. We congratulate Bill on his confirmation to the critical post of Ambassador to Japan. Bill made important contributions to the Board and the Company and we wish him all the best in this important new role. We also congratulate Ralph for his distinguished service on our Board, including his tenure as Non-Executive Chair during which he helped lead us through change and transitions, while ensuring the consistency of our approach and protecting the collegiality of our Board.”
