Equitymaster  Aug 21  Comment 
Posted by Equitymaster        Optimism could be in the air for the GST legislation. Its implementation would amalgamate several central and state taxes. Discrimination between goods and services will be eliminated which will lead to...
Insurance Journal  Jul 29  Comment 
RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $73.2 million, or $1.59 per diluted common share, in the second quarter of 2015, compared to $120.8 million, or $2.95, respectively, in the second quarter of 2014....
Market Intelligence Center  Jun 16  Comment 
After closing Monday at $102.85, RenaissanceRe Holdings Ltd. (RNR) presents an attractive opportunity to get a 2.09% return in just 122 days, which is an annualized return of 6.26% (for comparison purposes only). To enter this trade, sell one Oct....
Insurance Journal  Jun 11  Comment 
Aspen Re has appointed Douglas De Couto as head of portfolio analytics. De Couto will be joining Aspen Re from RenaissanceRe where until recently he was assistant vice president, corporate risk, a role in which he led a team responsible … The...
The Economic Times  May 7  Comment 
Inaugurating the two-day meeting of the GST Empowered Committee here, Mani said, "RNR will be so fixed that the GST will not bring down the states' revenues".


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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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