RenaissanceRe Holdings Ltd.
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RenaissanceRe Holdings Ltd. - Company
Capsule
Reference Code: FS0325CC
Published Date: April 2011
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RenaissanceRe Holdings Ltd. - Company Capsule Page 1
RenaissanceRe Holdings Ltd.
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RenaissanceRe Holdings Ltd. - Company Overview
RenaissanceRe Holdings Ltd. (RenaissanceRe) is a global provider of reinsurance and insurance services in Bermuda.
RenaissanceRe principally offers property and casualty primary insurance, and quota share reinsurance. The company’s
property catastrophe reinsurance is written through its principal subsidiary, Renaissance Reinsurance and joint ventures
such as DaVinci and Top Layer Re. The specialty reinsurance risks of the company are offered through Renaissance
Reinsurance and DaVinci. The company’s primary insurance and quota share reinsurance is written by its subsidiaries,
Glencoe Group. RenaissanceRe operates through two business segments namely, Reinsurance and Individual Risk. The
company is headquartered at Pembroke, Hamilton in Bermuda.
Financial Performance
The company reported revenue of US$1,667.85 million during the fiscal year ended 2009. The company's revenue grew
at a CAGR of 0.07% during the period 2007-2009 with an annual growth of 99.24% over fiscal year 2008. During the fiscal
year 2009, its operating margin was 63.66% as against an operating margin of 6.88% in fiscal year 2008. During the fiscal
year 2009, the company registered a net margin of 52.83% as against a net margin of 2.36% in the fiscal year 2008.
RenaissanceRe Holdings Ltd. - Key Facts
RenaissanceRe Holdings Ltd., Key Facts
Renaissance House, Pembroke,
Ticker Symbol, Stock RNR (New York Stock
Corporate Address: , HM 19, Bermuda Exchange)
Exchange
Telephone + 1 441 2954513 No. of Employees 506
Fax + 1 441 2929453 Financial Year End December
URL www.renre.com Revenue (in USD Million) 1,667.85
Industry Financial Services
Locations Ireland, United States, Bermuda
Source: Annual Report, Company Website, Primary and Secondary Research
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RenaissanceRe Holdings Ltd. - Company Capsule Page 2
RenaissanceRe Holdings Ltd.
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RenaissanceRe Holdings Ltd. - Major Products and Services
RenaissanceRe Holdings Ltd. provides property and casualty primary insurance, and quota share reinsurance in Bermuda
and abroad. key products of the company include the following:
RenaissanceRe Holdings Ltd., Major Products and Services
Reinsurance:
Property Catastrophe (Excess of Loss)
Property Catastrophe Retrocession (Excess of Loss)
Property Risk Excess
Casualty Clash
Terrorism
Surety
Workers Compensation Catastrophe Excess
Medical Malpractice
Crop / Hail
Multi-Peril Crop
Personal Accident and Life Catastrophe Excess
Individual Risk:
Commercial and Homeowners Property Coverages
Commercial Liability Coverages
Multi-peril Crop Insurance
Source: Annual Report, Company Website, Primary and Secondary Research
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RenaissanceRe Holdings Ltd. - Company Capsule Page 3
RenaissanceRe Holdings Ltd.
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RenaissanceRe Holdings Ltd. - Key Competitors
The following companies are the major competitors of RenaissanceRe Holdings Ltd.:
ACE Limited
Allied World Assurance Company, Ltd.
AXIS Capital Holdings Limited
Endurance Specialty Holdings Ltd.
Validus Holdings, Ltd.
Arch Capital Group Ltd.
Everest Re Group, Ltd.
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RenaissanceRe Holdings Ltd. - Company Capsule Page 4
RenaissanceRe Holdings Ltd.
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RenaissanceRe Holdings Ltd. - Key Employees
RenaissanceRe Holdings Ltd., Key Employees
Name Job Title Board Level Since Age
Aditya Dutt Senior Vice President - Ventures Senior Management 2010
Anthony M. Santomero Director Non Executive Board 2008 63
David C. Bushnell Director Non Executive Board 2008 55
Edward J. Zore Director Non Executive Board 2010 65
Henry Klehm III Director Non Executive Board 2006 51
Senior Vice President, Chief Risk
Ian D. Branagan Senior Management 2009 42
Officer
James L. Gibbons Director Non Executive Board 2008 46
Jean D. Hamilton Director Non Executive Board 2005 63
Executive Vice President, Chief
Jeffrey D. Kelly Senior Management 2009 56
Financial Officer
Senior Vice President, Chief
Jonathan D. A. Paradine Senior Management 2010
Underwriting Officer
Global Chief Underwriting Officer,
Kevin J. O Donnell Senior Management 2010 43
Executive Vice President
Chief Accounting Officer, Senior Vice
Mark A. Wilcox Senior Management 2006 42
President, Corporate Controller
Chief Executive Officer, President,
Neill A. Currie Executive Board 2008 57
Director
Nicholas L. Trivisonno Director Non Executive Board 2004 62
Executive Vice President, Chief
Peter C. Durhager Senior Management 2010 39
Administrative Officer
Ralph B. Levy Director Non Executive Board 2007 64
Senior Vice President, Chief
Ross A. Curtis Underwriting Officer of European Senior Management 2010
Operations
General Counsel, Secretary, Chief
Stephen H. Weinstein Compliance Officer, Senior Vice Senior Management 2006 41
President
Thomas A. Cooper Director Non Executive Board 1996 73
Treasurer, Chief Investment Officer,
Todd R. Fonner Senior Management 2010 43
Senior Vice President
W. James MacGinnitie Chairman Executive Board 2005 71
Source: Annual Report, Company Website, Primary and Secondary Research
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RenaissanceRe Holdings Ltd. - Company Capsule Page 5
RenaissanceRe Holdings Ltd.
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RenaissanceRe Holdings Ltd. - Locations and Subsidiaries
Head Office
RenaissanceRe Holdings Ltd.
Renaissance House
Pembroke
Zip: HM 19
Bermuda
Tel: + 1 441 2954513
Fax: + 1 441 2929453
Othe