Latest RenaissanceRe Holdings Headlines
All the headlines from our RenaissanceRe Holdings Topic Page, ordered by recency.
RenaissanceRe Estimates Third Quarter Natural Catastrophe Losses of $155 Million
Oct 16 2019 // RenaissanceRe Holdings Ltd. announced it estimates losses from third quarter 2019 catastrophe events will have an estimated net negative impact of approximately $155 million on its third quarter 2019 results. The estimated...
RenaissanceRe Completes $1.5B Acquisition of Tokio Millennium Re
Mar 25 2019 // RenaissanceRe Holdings Ltd. announced it has concluded its acquisition of Tokio Marine Holdings’ reinsurance platform for $1.5 billion in cash and RenaissanceRe common shares. The acquisition of Tokio Millennium Re...
RenaissanceRe Gets Regulatory Nod to Proceed with Tokio Millennium Re Purchase
Mar 13 2019 // RenaissanceRe Holdings Ltd. announced it has received all regulatory approvals required in connection with its planned acquisition of Tokio Marine Holdings’ reinsurance platform. The deal was first announced on Oct....
RenaissanceRe Introduces Vermeer, New Reinsurer for U.S. Catastrophe Market
Dec 19 2018 // RenaissanceRe Holdings Ltd. and Dutch pension fund manager PGGM announced they have launched Vermeer Reinsurance Ltd. to provide capacity focused on risk remote layers in the U.S. property catastrophe market. PGGM is a...
Tokio Marine’s Sale of Reinsurance Units to Boost Operational Efficiency: Fitch
Nov 16 2018 // Tokio Marine Holdings Inc.’s (TMHD) sale of two European reinsurance subsidiaries is likely to streamline its holdings and boost operational efficiency in the group’s underwriting businesses, Fitch Ratings...
A.M. Best Downgrades Ratings of Tokio Millennium Re, Puts RenRe Under Review
Nov 5 2018 // A.M. Besthas downgraded the financial strength rating to A+ (Superior) from A++ (Superior) and the long-term issuer credit rating to “aa-” from “aa+” of Tokio Millennium Re AG (TMR) (Switzerland)....
RenRe’s Purchase of Tokio Millennium Re Reinforces Strategy of Independence: CEO
Nov 1 2018 // RenaissanceRe’s planned $1.5 billion purchase of Tokio Millennium Re (TMR) reinforces its strategy of being an independent reinsurer, according to Kevin O’Donnell, president and CEO of RenRe. “The TMR...
RenaissanceRe to Acquire Tokio Millennium Re in $1.5 Billion Deal
Oct 30 2018 // Bermuda-based RenaissanceRe Holdings has agreed to pay about $1.5 billion to acquire Tokio Marine’s reinsurance platform (TMR), which includes Tokio Millennium Re AG and Tokio Millennium Re (UK). If closing tangible...
RenaissanceRe Estimates Q3 Claims Costs of $155M from Natural Catastrophes
Oct 18 2018 // RenaissanceRe Holdings Ltd. announced it currently estimates that the cost of claims from third quarter 2018 catastrophe events will have an estimated net negative impact of approximately $155 million on its third quarter...
Run-Off Firm Catalina Raises $700M, Forms Shareholder Restructure with Apollo, RenRe
Oct 11 2018 // Catalina Holdings (Bermuda) Ltd., a legacy runoff property and casualty re/insurance specialist, announced it has completed a US$700 million equity capital raise and concluded its shareholder restructuring after receiving...
RenaissanceRe Non-Committal About Shareholder’s Call to Consider Possible Sale
Oct 3 2018 // A ReinaissanceRe shareholder’s call for the company to explore a possible sale is drawing a non-committal response from management. TimesSquare Capital Management, an institutional management firm and RenaissanceRe...
TWFG in Texas Gets Capital Infusion for National Growth
May 22 2018 // The Woodlands Financial Group has completed the sale of a minority interest in its capital stock to RenaissanceRe Ventures U.S. LLC. The transaction will provide a capital infusion that Woodlands, Texas-based TWFG will...
AIR Worldwide, RenaissanceRe Collaborate to Develop Casualty Catastrophe Model
Apr 9 2018 // Catastrophe modeling firm AIR Worldwide (AIR) announced it is collaborating with RenaissanceRe, a global re/insurer, as part of a joint effort to enhance the industry’s modeling of long-tail casualty...
S&P Lowers RenRe Holdings’ Ratings by One Notch on Competitive Pressures
Mar 2 2018 // S&P Global Ratings has lowered the long-term issuer credit rating on Bermuda-based RenaissanceRe Holdings Ltd. (RNR) to “A-” from “A” and its long-term financial strength and issuer credit...
RenaissanceRe to Buy Minority Stake in Run-Off Firm Catalina Holdings
Jan 19 2018 // RenaissanceRe will pick up a minority stake in Catalina Holdings (Bermuda) Ltd., a long-term manager of legacy runoff P/C insurance and reinsurance businesses. Neither side is disclosing financial terms. RenaissanceRe will...
Insurance Protection Gap Is Growing Global Problem; Swiss Re, RenRe & WTW Comment
Jan 17 2018 // The insurance protection gap. It’s a phrase that will be increasingly heard over the coming years – because it is getting bigger. The protection gap is the difference between insured losses and total economic...
RenaissanceRe: $90M Estimated Net Negative Impact from California Wildfires
Dec 6 2017 // RenaissanceRe Holdings Ltd. said it estimates that losses from the October 2017 California Wildfires will have a net negative impact of $90 million on its fourth quarter 2017 results of operations. The October 2017...
Partner Re, RenRe & Third Point Re Estimate Q3 Natural Catastrophe Losses
Oct 6 2017 // Three more reinsurers released their initial loss estimates from third quarter natural catastrophes, which include Hurricanes Harvey, Irma and Maria and the Mexico City earthquake. PartnerRe Ltd. estimates combined...
UK Broker Beach Names RenRe’s Goldberg as Senior VP, Casualty Reinsurance
Jul 26 2017 // Beach & Associates, the London-based re/insurance broking and advisory firm, announced the appointment of Julian (Jules) Goldberg as senior vice president. He is based in the London office and reports to Adam Hedley,...
Tokio Millennium Re Names Ex-Lloyd’s Exec, Secrett, as Chief Underwriting Officer
Jul 14 2017 // Zurich-based Tokio Millennium Re AG (TMR) has appointed Brian Secrett as chief underwriting officer (CUO) and member of the executive committee, with effect from Oct. 1, 2017 and subject to regulatory approvals. As the new...
