QUOTE AND NEWS
Insurance Journal  Mar 2  Comment 
RenaissanceRe Holdings Ltd. announced that it has completed its acquisition of Platinum Underwriters Holdings Ltd. The acquisition was originally announced on November 24, 2014. “The combination of RenaissanceRe and Platinum marks an important...
Insurance Journal  Feb 24  Comment 
Bermuda-based RenaissanceRe Holdings Ltd. announced that W. James (“Jim”) MacGinnitie, 76, who has served as a member of the Board since 2000, will retire as a Director, and that William F. (“Bill”) Hagerty IV, 55, will join the Board, in...
Insurance Journal  Feb 12  Comment 
RenaissanceRe Holdings Ltd. announced it has received all regulatory approvals required in connection with its previously announced acquisition of Platinum Underwriters Holdings, Ltd. The transaction remains subject to approval by the shareholders...
HedgeFundBlogger.com by Richard Wilson  Nov 25  Comment 
RenaissanceRe to Purchase Platinum Underwriters in $1.9B Deal RenaissanceRe Holdings Ltd., a provider of reinsurance, insurance and other related business services, and Platinum Underwriters Holdings Ltd., Bermudian provider of property,...
Benzinga  Nov 24  Comment 
RenaissanceRe Holdings Ltd. (NYSE: RNR) (“RenaissanceRe” or the “Company”) and Platinum Underwriters Holdings, Ltd. (NYSE: PTP) (“Platinum”) announced today that the companies have entered into a definitive merger agreement under...
Insurance Journal  Nov 14  Comment 
RenaissanceRe Holdings Ltd. announced that Peter C. Durhager has decided to step down as executive vice president and chief administrative officer, and that Jeffrey D. Kelly, the company’s executive vice president and chief financial officer,...
Benzinga  Nov 13  Comment 
RenaissanceRe Holdings Ltd. (NYSE: RNR) today announced that Peter C. Durhager has decided to step down as Executive Vice President and Chief Administrative Officer, and that Jeffrey D. Kelly, the Company's Executive Vice President and Chief...




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Hamilton, Bermuda-based RenaissanceRe Holdings Ltd. (RNR) primarily provides property-catastrophe reinsurance to insurers and reinsurers on an excess of loss basis globally. Coverage of losses over a specified limit is termed as excess of loss. In addition, RenaissanceRe provides certain specialty reinsurance coverage on accident, health, aviation, and satellite concerns, as well as homeowners' insurance in various parts of the U.S. The company also writes specialty and catastrophe reinsurance through two joint ventures Top Layer Re and DaVinci Reinsurance and through certain specialty reinsurance and primary insurance lines. Further, RenaissanceRe's recently formed a financial guarantee insurer named Channel Reinsurance Ltd., in a joint venture with MBIA Inc., PartnerRe Ltd., and Koch Financial Corporation. RenaissanceRe has a 32.7% share in Channel Re. In 2006, property-catastrophe reinsurance, specialty reinsurance, and individual risk accounted for 57%, 11%, and 36%, respectively, of the $1.94 billion gross written premiums (GWP).

The company conducts its business through two reportable segments:

Reinsurance segment has three main units: Property catastrophe reinsurance, Specialty reinsurance and Through Ventures. Gross premiums written for this segment were $1.3 billion for FY06.

Individual Risk segment primarily functions through three distribution channels: 1) program managers 2) quota share reinsurance and 3) brokers. Gross premiums written for this segment were $689.4 million for FY06.


In addition to its existing reinsurance and insurance business, from time to time, RNR considers opportunistic diversification into new ventures, either through organic growth or through acquisition of other companies or their books of business. As of September 30, 2007, RNR had total assets of $8.8 billion and total shareholders' equity of $3.5 billion.




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