Latest RenaissanceRe Holdings Headlines
All the headlines from our RenaissanceRe Holdings Topic Page, ordered by recency.
Insurance Industry Posts Strong Q1 Gains HOW REAL ARE THEY’
May 13 2002 // After suffering its first ever net loss in 2001,an extraordinary and dismal year by anyone’s reckoning, the property/casualty industry finally received some good news as earnings reports for the first quarter of 2002...
Insurance Industry Posts Strong Q1 Gains
May 13 2002 // After suffering its first ever net loss in 2001, an extraordinary and dismal year by anyone’s reckoning, the property/casualty industry finally received some good news as earnings reports for the first quarter of...
RenRe Announces 3-for-1 Stock Split
May 3 2002 // Bermuda’s RenaissanceRe Holdings Ltd. announced that its Board of Directors has approved a three-for-one split of the Company’s common stock in the form of a stock dividend to be paid on May 30, 2002 to...
RenRe Posts 100% Increases in Q1 Premiums, Income
Apr 23 2002 // RenaissanceRe Holdings Ltd. proved once again that it can make money better than anyone else. The Bermuda-based company announced that its first quarter net operating income available to common shareholders (excluding...
RenRe Files $500 Million Shelf Registration
Feb 26 2002 // Bermuda’s RenaissanceRe Holdings Ltd. announced that the Company has filed a shelf registration with the Securities and Exchange Commission for the proposed offering of up to $500 million of securities. “Under...
Catastrophe Modeling-Feeding the Risk Transfer Food Chain
Feb 25 2002 // The increasingly sophisticated business of constructing catastrophe models is driven by three main imperatives: what are the chances of a given event happening; what are the upper and lower limits of a catastrophic...
Catastrophe Modeling-Feeding the Risk Transfer Food Chain
Feb 25 2002 // The increasingly sophisticated business of constructing catastrophe models is driven by three main imperatives: what are the chances of a given event happening; what are the upper and lower limits of a catastrophic...
OPL To Go Into Runoff, RenRe Takes Over OPCat
Feb 14 2002 // In a move which took the insurance world by surprise, Bermuda-based Overseas Partners Ltd. announced its decision to stop writing new business immediately, to place its Bermuda operations into “an orderly...
RenRe Reports Solid Gains in Q4 Net Income
Jan 25 2002 // Bermuda’s RenaissanceRe continued its steady earnings growth, despite the Sept. 11 attacks, as it posted “a 29% increase in net operating income available to common shareholders for the fourth quarter of 2001,...
RenRe Confirms DaVinci Re Investments
Jan 10 2002 // RenaissanceRe Holdings confirmed the sale of $50 million worth of its shares in DaVinci Re to Max Re (See IJ Website Jan.9) and $25 million to “another investor;” it also indicated that it expects to raise an...
RenRe Confirms $100 Million for Glencoe, Names William Ashley COO
Jan 8 2002 // Bermuda’s RenaissanceRe Holdings Ltd. confirmed its commitment, announced last October, to provide $100 million in additional capital to Glencoe Insurance Ltd., its commercial property subsidiary. The additional...
New Capital Boosts Bermuda’s Reinsurance Industry
Nov 19 2001 // As the reinsurance industry gears up to replace a good portion of the capital lost in the Sept. 11 attacks, companies are seeking to place themselves in a position to profit from the expected surge in demand and resulting...
RenRe Officially Launches DaVinci Re
Nov 16 2001 // Bermuda’s RenaissanceRe announced that its new property catastrophe reinsurance venture, DaVinci Reinsurance Ltd., formed in partnership with State Farm, has been fully funded and has commenced operations. First...
NAMIC Board of Directors Votes to Endorse Offshore Property Catastrophe Facility
Oct 31 2001 // The National Association of Mutual Insurance Companies (NAMIC) Board of Directors voted Oct. 24 to endorse an offshore property catastrophe facility that will be available exclusively to member companies. Renaissance...
NAMIC Launches Catastrophe Facility for Member Companies
Oct 30 2001 // The National Association of Mutual Insurance Companies (NAMIC) Board of Directors voted Wednesday to endorse an offshore property catastrophe facility that will be available exclusively to member companies. Renaissance...
Will Reinsurance Rebound from Terrorist Strikes in the U.S.’
Oct 29 2001 // If the nautical term best applied to the reinsurance industry last year this time would have been “Steady as she goes,” after the catastrophe that struck the U.S. on Sept. 11, the French term “sauve qui...
RenRe Posts $25 Million 3Q Net, Despite
Oct 23 2001 // RenaissanceRe continued its run of outstanding earnings with the announcement that net operating profits for the third quarter were $25 million, despite losses from the events of September 11, which it estimates will...
QBE, RenRe Make Public Share Offerings
Oct 16 2001 // Australia’s QBE and Bermuda’s RenaissanceRe have launched public offerings of their shares in an effort to raise additional capital. QBE, which controls around 8 percent of the Lloyd’s market, and is...
Ren Re Estimates $50 Million WTC Loss, But Continued Profitability
Oct 4 2001 // Bermuda’s Renaissance Re reported that its net losses as a result of the September 11 attack on the World Trade Center would be around $50 million and would impact third quarter earnings, but said that it still...
Ren Re to Increase Capital of Glencoe Subsidiary
Sep 20 2001 // Bermuda’s Renaissance Re Holdings Ltd. announced that it plans to increase the capital and surplus of its commercial property insurance subsidiary, Glencoe Insurance Ltd. to $100 million. Ren Re described the move as...
