RenaissanceRe Holdings (RNR)

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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.

 RenaissanceRe Holdings

	Select All  |  Select None Metrics Premiums Earned Premiums Assumed Investment Gain Total Investments Life Insurance Premiums Property & Casualty Premiums Health Insurance Premiums Reinsurance Recoverables Net Income Gross Premiums Premiums Ceded Investment Income Combined Ratio Loss Ratio Cancel

	Select All  |  Select None Companies Arch Capital Group (ACGL) Argonaut Group (AGII) Aspen Insurance Holdings (AHL) Alfa (ALFA) American Safety Insurance Holdings (ASI) Allied World Assurance Company Holdings (AWH) Axis Capital Holdings (AXS) W.R. Berkley (BER) Castlepoint Holdings (CPHL) CRM Holdings (CRMH) Darwin Professional Underwriters (DR) EMC Insurance Group (EMCI) Endurance Specialty Holdings (ENH) Erie Indemnity Company (ERIE) Enstar Group (ESGR) Fairfax Financial Holdings (FFH) Flagstone Reinsurance Holdings (FSR) HCC Insurance Holdings (HCC) Harleysville Group (HGIC) United America Indemnity (INDM) Mercury General (MCY) Mercer Insurance Group (MIGP) Midland Company (MLAN) Montpelier RE Holdings (MRH) Max Capital Group (MXGL) National Atlantic Holdings (NAHC) National Interstate (NATL) Navigators Group (NAVG) North Pointe Holdings (NPTE) National Security Group (NSEC) Nymagic (NYM) OneBeacon Insurance Group (OB) Odyssey Re Holdings (ORH) Philadelphia Consolidated Holding (PHLY) Pro-Assurance (PRA) PartnerRe (PRE) Platinum Underwriters Holdings (PTP) Everest Re Group (RE) RenaissanceRe Holdings (RNR) SCPIE Holdings (SKP) The Hanover Insurance Group (THG) Transatlantic Holdings (TRH) St. Paul Companies (TRV) Tower Group (TWGP) United Fire & Casualty Company (UFCS) Unico American (UNAM) Unitrin (UTR) UNIVERSAL INSURANCE HOLDINGS (UVE) XL CAPITAL LIMITED (XL) Zenith National Insurance (ZNT) White Mountains Insurance Group (WTM) Baldwin & Lyons (BWINB) Phoenix Companies (PNX) PMA Capital (PMACA) Quanta Capital Holdings (QNTA) 21st Century Holding Company (TCHC) Cancel

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Company	Data From	Gross Premiums	Premiums Ceded	Investment Income	Combined Ratio	Loss Ratio
HCC Insurance Holdings (HCC)	2006	$2.24B	($423M)	$153M	84%	60%
Mercury General (MCY)	2006	$3.01B	($11.1M)	$151M	94.5%	67.4%
Odyssey Re Holdings (ORH)	2006	$2.34B	($175M)	$487M	94.4%	66.7%
RenaissanceRe Holdings (RNR)	2006	$1.94B	($414M)	$318M	54.7%	29.2%

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[edit] References

1. ↑ Source: 2006 HCC 10- k pg 45
2. ↑ Source: 2006 HCC 10- k pg f- 21
3. ↑ Source: 2006 HCC 10- k pg 38
4. ↑ ^{4.0 4.1} Source: 2006 HCC 10- k pg 15
5. ↑ Source 2006 MCY Page S-6 Form 10 K
6. ↑ Source 2006 MCY Page S-8 Form 10 K
7. ↑ Source 2006 MCY Page 34 Form 10 K
8. ↑ ^{8.0 8.1} Source 2006 MCY Page 8 Form 10 K
9. ↑ ^{9.0 9.1} Source 2006 ORH Page 50 Form 10 K
10. ↑ Source 2006 ORH Page 65 Form 10 K
11. ↑ ^{11.0 11.1} Source 2006 ORH Page 52 Form 10 K
12. ↑ ^{12.0 12.1} Source 2006 RNR Page 68 Form 10 K
13. ↑ Source 2006 RNR Page F 17 Form 10 K
14. ↑ ^{14.0 14.1} Source 2006 RNR Page 85 Form 10 K