Latest RenaissanceRe Holdings Headlines
All the headlines from our RenaissanceRe Holdings Topic Page, ordered by recency.
RenRe Estimates Australia Flood Losses $30 Mn; NZ Quake $190 Mn
Mar 17 2011 // Bermuda-based RenaissanceRe Holdings Ltd. announced its initial loss estimates for the 2011 Australian flooding as well as the February 2011 New Zealand earthquake. The Company said it currently expects the Australian...
QBE Completes Acquisition of RenRe’s U.S. Insurance Operations
Mar 8 2011 // Australia’s QBE announced that it has completed its acquisition of the U.S. admitted insurance businesses of Renaissance Re, which include a U.S. crop and small specialist program insurance business. QBE said the...
Tokio Millennium Re Receives Authorization for Australia
Mar 3 2011 // Bermuda-based Tokio Millennium Re Ltd. (TMR), a subsidiary of Japan’s Tokio Marine & Nichido Fire Insurance Co., Ltd., announced that the Australian Prudential Regulation Authority (APRA) has authorized...
Florida Approves Lower Collateral for Reinsurer Tokio Millennium
Feb 28 2011 // Florida has approved lower collateral payments for another Bermuda reinsurer, the eighth foreign reinsurer to be granted this approval by the state. Tokio Millennium Re Ltd., a subsidiary of Tokio Marine & Nichido Fire...
RenRe’s Q4 Net Income – $122.6 Million; FY $702 Million Show Decreases
Feb 9 2011 // Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $122.6 million or $2.23 per diluted common share in the fourth quarter of 2010, compared to $211.8 million or $3.38 per...
Florida Approves Lower Collateral for Renaissance Re
Jan 4 2011 // Bermuda-based Renaissance Reinsurance Ltd. has been approved to participate in Florida’s property reinsurance marketplace with modified collateral requirements. In 2007, Florida lawmakers passed legislation that...
Best, S&P Put RenRe’s U.S. Operations under Review/Negative
Nov 19 2010 // A.M. Best Co. and Standard & Poor’s Ratings Services have both placed their credit and financial strength ratings on RenaissanceRe’s U.S. insurance companies under review with negative implications. The...
RenaissanceRe to Sell U.S. Insurance Operations to QBE
Nov 18 2010 // Bermuda-based RenaissanceRe Holdings Ltd. announced that it has “entered into a definitive agreement with QBE Holdings, Inc. to sell its U.S. property and casualty business underwritten through managing general...
RenaissanceRe Q3 Net Income $204.8 Million; Operating $90.9 Million
Oct 28 2010 // Bermuda-based RenaissanceRe Holdings Ltd reported net income available to common shareholders of $204.8 million or $3.70 per diluted common share in the third quarter of 2010, compared to net income available to common...
RenRe Reports $210 Million Q2 Net Income: $140 Million Operating
Jul 28 2010 // Bermuda,-based RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $210.2 million or $3.66 per diluted common share in the second quarter of 2010, compared to net income available to common...
RenRe Expands Executive Committee
May 21 2010 // Bermuda-based RenaissanceRe Holdings Ltd. announced that the following individuals have been appointed to its Executive Committee: — Ross A. Curtis, Senior Vice President and Chief Underwriting Officer of European...
Ratings Recap: Am. Physicians, RenRe No. Am. (debt), Century/Brandywine, Ky. Growers
Mar 19 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of American Physicians Group and its primary member, American Physicians...
Ratings Recap: GIC India, Top Layer Re, AIA (Australia), PartnerRe (notes)
Mar 15 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of General Insurance Corporation of India (GIC), both with stable outlooks. The ratings...
RenRe Gives no Quake, Storm Loss Figures, But They May be ‘Significant’
Mar 12 2010 // Bermuda-based RenaissanceRe Holdings announced that based on its initial assessment, the “impact of the Chilean earthquake and windstorm Xynthia on its financial results (net of reinstatement premiums, retrocessional...
Best Affirms RenRe Holdings, Operating Companies Ratings
Mar 12 2010 // A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of “aa-” of Renaissance Reinsurance Ltd. and Renaissance Reinsurance of Europe, which is...
RenRe Promotes Durhager to Exec. VP
Feb 26 2010 // Bermuda-based RenaissanceRe Holdings announced the promotion of Peter C. Durhager, currently Senior Vice President and Chief Administrative Officer, to Executive Vice President. He will continue to report to Neill A....
S&P Comments on RenRe’s Management Changes; No Rating Change
Jan 12 2010 // Standard & Poor’s Ratings Services has stated that its ratings on Bermuda-based RenaissanceRe Holdings Ltd. (currently ‘A’ with a stable outlook) and related entities are not affected by the...
Ratings Recap: Tokio Millennium Re, Nissan Global, Asia Capital, ACRe
Nov 11 2009 // A.M. Best Co. has affirmed the financial strength rating of’ A+’ (Superior) and issuer credit rating of “aa-” of Bermuda-based Tokio Millennium Re Ltd. (TMR), both with stable outlooks. Best noted...
RenRe Posts $258.6 Million Q3 Net Income; Operating $242.2 Million
Oct 29 2009 // Bermuda-based RenaissanceRe Holdings Ltd., a leading nat cat property reinsurer, joined the comeback kids of 2009 with a robust performance in the third quarter. The Company reported net income available to common...
Ratings Roundup: Glencoe (RenRe), Aegon, IGI
Aug 18 2009 // Standard & Poor’s Ratings Services has assigned its ‘A+’ counterparty credit and financial strength ratings to Glencoe Insurance Ltd., Stonington Insurance Co., Lantana Insurance Ltd., and Stonington...
