Latest RenaissanceRe Holdings Headlines
All the headlines from our RenaissanceRe Holdings Topic Page, ordered by recency.
S&P Reports Top Layer Reinsurance Ltd. ‘AA’ Ratings Affirmed; Outlook Stable
Mar 17 2004 // Standard & Poor’s has affirmed its ‘AA’ counterparty and financial strength ratings on Top Layer Reinsurance Ltd. The outlook is stable. Top Layer Re is a 50%/50% joint venture between State Farm...
RenRe Ups Dividend 27%
Mar 4 2004 // The Board of Directors of Bermuda’s RenaissanceRe Holdings Ltd. voted to increase the Company’s quarterly dividend to $0.19 per common share on its common stock, from $0.15 per common share. The dividend is...
RenRe Gives Q4, Full Year Earnings Estimates
Dec 3 2003 // Bermuda’s premier property reinsurer, RenaissanceRe Holdings Ltd., also chose the Bermuda Angle conference to announce preliminary fourth quarter, full year and 2004 earnings estimates. It estimated that full year...
RenRe Names Robert Lamendola Sr. VP; James Lewis VP
Oct 28 2003 // Bermuda’s RenaissanceRe Holdings Ltd. announced the appointment of Robert J. Lamendola as Senior Vice President to lead the continued development of its surety reinsurance business, and James R. Lewis as Vice...
RenRe Reports Q3 Net Income Up 28% to $1.59 Per Share
Oct 23 2003 // RenaissanceRe Holdings Ltd., Bermuda’s premier property reinsurer, reported that its net income available to common shareholders rose 28.3% to $113.2 million or $1.59 per common share in the quarter, from $88.2...
RenaissanceRe Announces Quarterly Dividend
Aug 8 2003 // The Board of Directors of RenaissanceRe Holdings Ltd. has approved a quarterly dividend of $0.15 per common share. The dividend is payable on Sept. 15, 2003 to shareholders of record on Sept. 10, 2003.
RenRe Posts $126.9 Million Q1 Operating Profit
Apr 23 2003 // Bermuda-based RenaissanceRe Holdings Ltd. reported $126.9 million in first quarter net operating income available to common shareholders, compared to $86.6 million in the first quarter of 2002. Operating earnings per...
S&P’s Affirms DaVinci Re ‘A’ Ratings; Outlook Stable
Mar 6 2003 // Standard & Poor’s has affirmed its ‘A’ counterparty credit and financial strength ratings on DaVinci Reinsurance Ltd. (DaVinci) based on the new company’s very strong operating performance,...
A.M. Best Lowers Rating of Top Layer Reinsurance Ltd.
Mar 4 2003 // A.M. Best Co. has lowered the financial strength rating to A+ (Superior) from A++ (Superior) of Bermuda-based Top Layer Reinsurance Ltd. and maintained a stable outlook on the company. The lowering of this rating is a...
RenRe Registers $200 Million in Mixed Securities with SEC
Feb 26 2003 // Bermuda’s Renaissance Re Holdings Ltd. has field a shelf registration statement with the Securities and Exchange Commission to sell up to $200 million in mixed securities at various unspecified times. RenRe had...
RenRe Posts $105 Million NOI in Q4; $365 Million Operating Profit for 2002
Feb 5 2003 // Bermuda’s RenaissanceRe Holdings Ltd. posted $105 million in fourth quarter net operating income available to common shareholders (excluding realized investment gains and losses) compared to $46.6 million in the...
A.M. Best Affirms RenRe Subsidiaries’ Ratings; Downgrades Trenwick Group
Feb 4 2003 // A.M. Best Co. announced that it has affirmed the financial strength ratings of A+ (Superior) on Bermuda’s RenaissanceRe Holdings Ltd.’s operating subsidiaries, notably Renaissance Reinsurance Ltd., the lead...
RenRe Confirms $100 Million Note Offering
Jan 29 2003 // Bermuda’s RenaissanceRe Holdings Ltd. announced an offering to sell $100 million in 10-year senior notes. It expects to use the net proceeds for general corporate purposes. The company indicated that it had...
RenRe Already Looking to 2003 – Sees CWP Up 15%
Jan 28 2003 // Bermuda-based RenaissanceRe Holdings Ltd. doesn’t seem to have lost its touch. Prior to its appearance at conferences sponsored by the New York Society of Securities Analysts and Salomon Smith Barney this week, the...
Report RenRe Has Potential 14.2% Stake in Platinum
Nov 6 2002 // Bermuda’s RenaissanceRe apparently has a larger stake in Platinum Underwriters than was originally announced, around 14.2 percent rather than the 9.9 percent stated in recent articles (See IJ Website Oct. 29 and Nov....
Reinsurance Market Tries to Reel In Profits
Oct 28 2002 // A year ago the reinsurance industry faced the biggest loss event in its history – the attacks on the WTC and the Pentagon. Nevertheless, commentators were almost unanimous in predicting that the market would harden,...
Reinsurance Market Tries to Reel In Profits
Oct 28 2002 // A year ago the reinsurance industry faced the biggest loss event in its history – the attacks on the WTC and the Pentagon. Nevertheless commentators were almost unanimous in predicting that the market would harden,...
Earnings Report: RenRe, Everest Re Post Strong 3Q Gains
Oct 22 2002 // Increases in premiums and higher demand for reinsurance seems to be offsetting falls in equity values, as two of Bermuda’s leading reinsurers, RenaissanceRe and Everest Re, posted strong third quarter...
RenRe Estimates 3Q Earnings, Will Expense Stock Options
Oct 15 2002 // Bermuda’s RenaissanceRe Holdings Ltd. announced that it expects to report operating earnings for the three months ended September 30, 2002 of between $1.10 to $1.15 per share. It also announced that it will account...
RenRe to Buy Nearly 4 million Shares of Platinum Underwriters
Sep 23 2002 // Bermuda-based RenaissanceRe Holdings Ltd. announced that it has reached an agreement with Platinum Underwriters Holdings, Ltd. to purchase 3,960,000 of its common shares in a private placement Platinum was established in...
