Bermuda-based RenaissanceRe has appointed a new SVP underwriting, global head of climate and sustainability strategy in Cathal Carr.
Carr has been with RenaissanceRe for over seventeen years, beginning as a risk analyst in 2005.
He has held a multitude of positions since then, including his most recent as SVP underwriting, global head of property catastrophe, which he held for three years until this month.
RenRe reported positive income and an underwriting gain for the fourth-quarter of 2021, but the heavy catastrophe load experienced saw the company’s full-year combined ratio deteriorate slightly to 102.1%.
Despite this, its president and CEO said in January that the company could not have had a better renewal.