Reinsurance News
RenaissanceRe
RenaissanceRe is a leading global reinsurance company headquartered in Bermuda.
Founded in 1993 in Bermuda, RenaissanceRe has used its underwriting expertise and analytical insight to offer unique reinsurance risk transfer solutions and also to manage third-party capital from investors.
One of the largest catastrophe reinsurance specialists in the world, in recent years RenaissanceRe (RenRe) has also broadened its scope to cover casualty and specialty reinsurance business as well.
Read all of our RenaissanceRe news below.
S&P highlights potential for RenaissanceRe rating upgrade
2nd April 2025
S&P Global Ratings revised its outlook on RenaissanceRe Holdings Ltd. (RenRe) and its subsidiaries from stable to positive, reflecting the potential for a one-notch upgrade within the next 12 to 24 months if the Bermuda-based reinsurer maintains excellent capitalisation and positive results. S&P also affirmed its 'A-' issuer credit ratings on ... Read the full article
RenRe’s integrated underwriting strategy better serves clients: O’Donnell, CEO
27th March 2025
Kevin J. O’Donnell, President and CEO of RenaissanceRe, explained that the company’s underwriting approach combines property lines with casualty and specialty to create an optimally efficient portfolio, enhancing its capacity to solve customers' problems. In his recent Letter to Shareholders, O'Donnell emphasised that each of RenRe's business lines has a unique ... Read the full article
RenRe launches new property cat bond fund Medici UCITS
6th March 2025
RenaissanceRe has launched a new Irish domiciled property catastrophe bond fund, RenaissanceRe Medici UCITS Fund, a sub-fund of RenaissanceRe Medici ICAV (Medici UCITS). The Medici UCITS fund, established under European regulation, offers European and global investors a gateway to RenaissanceRe's proven catastrophe bond investment strategy. The RenaissanceRe Capital Partners team will act ... Read the full article
RenRe expects new opportunities to deploy capacity as LA wildfires show value of reinsurance
29th January 2025
Executives at Bermuda-based reinsurer RenaissanceRe (RenRe) said today that the scale of industry loss from the recent California wildfires will affect reinsurance supply and demand, with the firm expecting new opportunities to deploy capacity as 75% of its US property catastrophe accounts renew over the next six months. Within its ... Read the full article
RenRe posts strong full year 2024 performance despite Q4 net loss
29th January 2025
RenaissanceRe Holdings Ltd. (RenRe), a Bermuda-based reinsurer, has reported net income of $1.8 billion for full year 2024 driven by a strong performance across underwriting, investments, and fee income, although the firm's fourth quarter result was dented by mark-to-market losses and the impact of Hurricane Milton. Group-wide, RenRe has announced a ... Read the full article
The industry needs to evolve to stay ahead of social inflation, RenRe CUO, Marra
8th November 2024
While social inflation is certainly not a new subject within the re/insurance sector, the industry needs to continue to evolve to stay ahead, according to David Marra, Group Chief Underwriting Officer (CUO) of RenaissanceRe (RenRe). Marra discussed inflation during RenRe's earnings call for its financial results for the third quarter of ... Read the full article
RenRe CEO expects ~$10bn of additional US cat limit purchase in 2025, sees rates trading at current levels
7th November 2024
President and Chief Executive Officer (CEO) of Bermudian reinsurer RenaissanceRe (RenRe), Kevin J. O'Donnell, expects U.S. catastrophe limit purchases to increase by around $10 billion in 2025, and foresees property cat reinsurance rates trading at current levels at the January 1st, 2025, renewals. The structural changes implemented by reinsurers, as well ... Read the full article
RenRe grows property book as Q3’24 underwriting income rises despite large loss events
7th November 2024
Bermuda-based reinsurer RenaissanceRe Holdings Ltd. (RenRe) has reported underwriting income of $394 million for the third quarter of 2024 and a significant rise in net income to $1.2 billion, as the strong performance of its property segment more than offset a loss in casualty and specialty. Across the business, underwriting income ... Read the full article
It’s an exciting time to be a reinsurer, says RenRe CEO O’Donnell
25th July 2024
Bermuda-based reinsurer RenaissanceRe (RenRe) is "delighted" with the state of the market, and with demand for coverage on the rise in an increasingly stable market, it's a good time to be a reinsurance company, according to the firm's Chief Executive Officer (CEO), Kevin O'Donnell. As we covered this morning, RenRe ... Read the full article
RenRe’s Q2’24 underwriting income rises 36% as net income hits $495m
25th July 2024
Bermuda-based reinsurer RenaissanceRe Holdings Ltd. (RenRe) has reported underwriting income of $479.3 million and a combined ratio of 81.1% in its second quarter 2024 results, as both fee income and investment income also contributed to another successful quarter for the firm. Year-on-year, RenRe's Q2 underwriting result increased more than 36% although ... Read the full article
Florida market in a much better place ahead of renewals but RenRe remains cautious: CEO O’Donnell
1st May 2024
Bermuda-based reinsurer RenaissanceRe (RenRe) is seeing additional demand for reinsurance in Florida, but while the company also anticipates good discipline from the market at the June 1 renewals and feels the Florida market is in a better place, it remains cautious. Speaking recently during RenRe's Q1 2024 earnings call, executives ... Read the full article
RenRe’s underwriting income rises as Q1’24 premiums swell with 45% growth in property
1st May 2024
Bermudian RenaissanceRe Holdings Ltd. (RenRe) has reported underwriting income of $541 million with a combined ratio of 77.9% in its first quarter 2024 results, as the reinsurer's premiums swelled as a result of the renewal of business acquired in its takeover of Validus. RenRe explains that Q1 2024 was the first ... Read the full article
RenRe announces leadership promotions, names Wehmeyer CUO, Europe & LatAm
7th March 2024
Bermuda-based reinsurer RenaissanceRe (RenRe) has announced numerous promotions within its European leadership team, with new roles for Sven Wehmeyer, Jodie Arkell, Hugh Brennan, and Ed Cruttenden. Wehmeyer previously held the position of Head of Portfolio Integration, International at RenRe, and has been promoted to CUO, Europe & Latin America. Arkell, who previously ... Read the full article
RenRe grew substantially into still highly favourable market at 1.1 renewal: CEO O’Donnell
1st February 2024
Bermuda-based RenaissanceRe’s President and Chief Executive Officer (CEO), Kevin O'Donnell, recently discussed the company's experience at the January 1st, 2024, reinsurance renewals during the firm's Q4 and full year 2023 earnings call. "At the recent January 1 renewal, we improved this already strong underwriting portfolio. Due to our overwhelming success in ... Read the full article
RenRe reports strong underwriting performance in 2023 with CR of 77.9%
31st January 2024
Bermuda-based reinsurer RenaissanceRe (RenRe) has reported a stronger combined ratio of 76% and 77.9% for the fourth quarter and full year 2023, respectively, as the firm's underwriting and investment income improved for both periods. RenRe has recorded a strong set of results for the final quarter of 2023, as gross premiums ... Read the full article
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