Reinsurance News
14th January 2021
Third-party reinsurance and insurance-linked securities (ILS) assets under management (AuM) of the top-ten ILS fund and third-party reinsurance capital managers increased to more than $61 billion through H2 2020, led by Nephila Capital, LGT ILS Partners, Fermat Capital Management, and Leadenhall Capital Partners. Data featured in the Artemis Insurance ... Read the full article
14th January 2021
Bermuda-based reinsurer RenaissanceRe Holdings Ltd. (RenRe) has reported that losses from weather-related catastrophe events and the ongoing COVID-19 pandemic will push the firm to a fourth-quarter operating loss. The reinsurer has announced that estimated losses from catastrophe events will have a net negative impact of roughly $170 million on its Q4 ... Read the full article
4th December 2020
Bermuda-based reinsurance company, RenaissanceRe Holdings Ltd., has announced that from January 1st, 2021, Shannon Lowry Bender will assume the role of Senior Vice President (SVP), Group General Counsel and Corporate Secretary. Bender takes over from Stephen Weinstein, Executive Vice President (EVP), Group General Counsel, Corporate Secretary and Chief Compliance Officer, who ... Read the full article
29th October 2020
Kevin O'Donnell, President and CEO of Bermuda-based reinsurer RenaissanceRe (RenRe), has said that he is “very optimistic" about opportunities for the company as it head into the January 1 renewals, despite it having reported a large underwriting loss for Q3. RenRe is anticipating a supply/demand imbalance in certain areas of ... Read the full article
28th October 2020
Bermuda-based reinsurer ReniassanceRe (RenRe) has reported an underwriting loss of $206.1 million for the third-quarter of 2020 and a combined ratio of 120.6%, as large loss events resulted in a net negative impact of $422.4 million and added a significant 43.4 percentage points to the combined ratio. Earlier this month, Read the full article
1st October 2020
Bermuda-based reinsurer, RenaissanceRe Holdings Ltd. (RenRe), has announced that Michael Doak, the Senior Vice President (SVP) and Portfolio Manager for the firm's strategic investment portfolio, will be departing to launch Griffin Highline Capital, a new private investment firm focused on the insurance industry. Doak has worked for RenRe as SVP for ... Read the full article
10th July 2020
Bermuda domiciled reinsurer RenaissanceRe Holdings Ltd. (RenRe) has revealed that Aditya Dutt, Senior Vice President of Ventures, is to leave the company to pursue a new opportunity. As a result of Dutt's departure, RenRe's Chief Executive Officer (CEO), Kevin O'Donnell, will assume responsibility for the firm's third-party reinsurance capital and joint-venture ... Read the full article
3rd June 2020
Bermuda domiciled reinsurer RenaissanceRe has announced a $166 per-share pricing for its offering of 5,500,000 common shares, which, along with an option for underwriters to buy an additional 825,000 shares, brings the total equity raise to around $1.125 billion in total. This figure includes $75 million worth of common stock that ... Read the full article
6th May 2020
Bermudian reinsurer RenaissanceRe has appointed Ed Cruttenden active underwriter of its Syndicate 1458 at Lloyd’s. Bryan Dalton, the previous active underwriter for Syndicate 1458, will assume responsibility for underwriting across the company’s European platform as Chief Underwriting Officer – Europe. In addition to managing business written at the Syndicate, Cruttenden will also ... Read the full article
8th April 2020
More than a year since RenaissanceRe (RenRe) acquired Tokio Millennium Re (TMR) in a $1.5 billion deal, and the former's President and Chief Executive Officer (CEO), Kevin O'Donnell, feels the company has "far exceeded" its initial targets. It was announced in October 2018 that RenRe had entered into a definitive ... Read the full article
7th February 2020
RenaissanceRe could further reduce its exposure to Florida domestic companies if rate increases do not meet the companies return hurdles this year, according to its President and CEO, Kevin O’Donnell. Speaking in an earnings call alongside the release of RenRe’s Q4 and 2019 results, O’Donnell warned of “substantial structural issues” ... Read the full article
6th February 2020
Bermudian reinsurer RenaissanceRe Holdings Ltd. (RenRe) has appointed Ann Manal as Chief Human Resources Officer. In her new role, she will be responsible for overseeing the firm’s global HR function, and will be based in RenRe’s Bermuda headquarters. She brings more than 25 years of industry experience to the role, most recently ... Read the full article
5th February 2020
Bermuda-based reinsurer RenaissanceRe Holdings Ltd. has reported net income of $33.8 million for the fourth-quarter of 2019, however, the impact of Typhoon Hagibis and 2019 Aggregate Losses pushed the firm to a Q4 underwriting loss of $65.2 million. The reinsurer's net income in Q4 2019 compares with a net loss of ... Read the full article
4th February 2020
AXA Liabilities Managers (AXA LM), a division of AXA and an acquirer and manager of legacy re/insurance business, has announced an agreement to acquire RenaissanceRe (UK) Limited from Bermuda-based reinsurer, RenaissanceRe Holdings Ltd. RenaissanceRe (UK) Limited, a company in run-off, was formerly known as Tokio Millennium Re (UK) Limited, and ... Read the full article
23rd January 2020
Reinsurers Markel Global Reinsurance Company and Renaissance Re Holdings are among a group of companies that have provided backing for a new policy from Cowbell Cyber, a start-up focused on AI-powered cyber insurance for SMEs. The policy, called Cowbell Prime 100, is designed to enable insurance agents to issue personalised cyber ... Read the full article
