Reinsurance News
RenRe
Property cat rates strongly adequate, large loss needed to substantially adjust pricing: RenRe CEO
19th March 2026
Property catastrophe rates remain strongly adequate, so a relatively large loss would be needed to drive a meaningful adjustment, said RenaissanceRe’s CEO Kevin J. O'Donnell, though he noted that it is not the catastrophe itself that shifts rates, but the cumulative effect of rising loss trends and inflation gradually outpacing ... Read the full article
Swiss Re’s Paloma Quiroga Arias joins RenRe as SVP, Client Data & Analytics
7th January 2026
RenaissanceRe (RenRe), a global property and casualty reinsurer, has appointed Paloma Quiroga Arias as Senior Vice President (SVP), Client Data & Analytics. Arias brings extensive experience in reinsurance, corporate strategy, research, data analysis, and consulting. She joins RenRe from Swiss Re, where she spent nearly three years serving as Head of Risk ... Read the full article
RenRe CEO optimistic Jan 1 property cat renewal will be a pricing shift rather than T&Cs
29th October 2025
Kevin J. O'Donnell, President and Chief Executive Officer of global property and casualty reinsurer, RenaissanceRe (RenRe), said today that he is optimistic the January 1 renewals will be a pricing shift in the property catastrophe space, with terms and conditions (T&Cs) expected to hold as reinsurer discipline persists. RenRe produced ... Read the full article
RenRe posts strong rise in underwriting income to $770m in Q3’25 results
29th October 2025
Global reinsurer RenaissanceRe (RenRe) generated underwriting income of $770.2 million in the third quarter of 2025, an increase of 96% on the prior year quarter, as the firm highlights 21.9% underlying growth in the catastrophe class gross premiums written (GPW) from Q3'24, without the impact of reinstatement premiums. The improved underwriting ... Read the full article
RenRe built one of its largest & most profitable property cat portfolios at mid-year renewal: CEO O’Donnell
24th July 2025
Bermuda-based reinsurer RenaissanceRe (RenRe) had a strong mid-year renewal and constructed one of its largest and most profitable net retained property catastrophe portfolios, with the firm's President and Chief Executive Officer (CEO), Kevin O'Donnell, revealing that 80% of Florida premium the company wrote was at private terms above market rates. Speaking ... Read the full article
RenRe posts underwriting income of $602m in Q2’25 as CoR drops to 75.1%
24th July 2025
Bermuda-based reinsurer RenaissanceRe (RenRe) has posted underwriting income of $601.7 million for the second quarter of 2025, with an overall combined ratio of 75.1%, compared to $479.3 million and 81.1% respectively, in the second quarter of 2024. The reinsurer has posted a solid set of results for the quarter, with Group-wide ... Read the full article
Level of rate established in reinsurance market isn’t going to trend down: RenRe CEO
28th April 2025
Kevin O'Donnell, President and CEO of RenaissanceRe, stated that the current level of rate established in the reinsurance market is not going to trend down, affirming that there is no indication that the market is returning to pre-23 levels. Speaking during RenRe's first-quarter 2025 earnings call, O'Donnell explained that the ... Read the full article
Mid-year renewal trading conditions more favourable for reinsurers than Jan 1: RenRe CUO
24th April 2025
David Marra, Executive Vice President and Group Chief Underwriting Officer (CUO) of Bermuda-based reinsurer RenaissanceRe (RenRe), said today that the firm is encouraged with trading conditions ahead of the mid-year property renewals, with more balance between supply and demand when compared with the January 1st renewals. Addressing analysts after the release ... Read the full article
RenRe falls to Q1’25 underwriting loss amid $1.6bn California wildfire bill
24th April 2025
Bermuda-based reinsurer RenaissanceRe (RenRe) incurred net claims and claims expenses from large loss events of more than $1.7 billion in the first quarter of 2025, driven by almost $1.6 billion of net claims from the January California wildfires, leading the firm to record an underwriting loss in the period. The California ... Read the full article
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 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
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 adds Loretta J. Mester as an Independent Director
7th November 2024
Bermuda-domiciled reinsurer RenaissanceRe (RenRe) has appointed Loretta J. Mester as an Independent Director, effective November 6, 2024, following the retirement of Brian G. J. Gray, who had served as a Board member since 2013. Most recently, Dr. Mester was the President and Chief Executive Officer (CEO) of the Federal Reserve Bank ... Read the full article
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