Bermuda-based RenaissanceRe Holdings Ltd. announced the start of a “a retirement transition plan” for Company President William I. Riker. He will remain in that position until the end of 2007, and will “thereafter remain an employee serving in an advisory capacity until August 2008.”
Current CEO Neill A. Currie will assume the role of President.
“Bill has been an important part of RenaissanceRe since our first year of operation in 1993, playing a central role in forming and executing the strategy that has led to our success,” Currie commented. “Though we will miss him as a member of the team after his departure, we look forward to working with Bill through the course of the next year.”
Riker said he had “thoroughly enjoyed being part of RenaissanceRe’s development over the course of its history.” He also noted the growth RenRe had accomplished, and its present position as “an industry leading company with a first-class team of professionals.”
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