Latest RenaissanceRe Holdings Headlines
All the headlines from our RenaissanceRe Holdings Topic Page, ordered by recency.
Best, S&P See No Change in RenRe Ratings from Channel Re Write Down
Jan 18 2008 // Both A.M. Best Co. and Standard & Poor’s Ratings Services have released statements that they see no immediate changes in their respective ratings on RenaissanceRe, following yesterday’s announcement that...
RenRe Records Q4 Write-Downs
Jan 17 2008 // RenaissanceRe announced that it expects two significant fourth quarter charges: — A charge which would result in a full reduction of the Company’s carried value in ChannelRe, which was $126.7 million at...
Former Reinsurance Execs Launch Underwriting Mgmt Firm
Dec 28 2007 // The former top executive of RenaissanceRe Holdings Ltd. – who resigned during an SEC probe into his company’s accounting practices – has joined forces with another reinsurance executive to launch a new...
S&P Raises RenRe’s Ratings to ‘A’ and ‘AA-‘; Outlook Stable
Dec 17 2007 // Standard & Poor’s Ratings Services has raised its counterparty credit rating on Bermuda-based RenaissanceRe Holdings Ltd. to ‘A’ from ‘A-,’ as well as its counterparty credit and...
Ratings Roundup: Hatherley, RenRe (debt) DR, Cathay Century
Aug 23 2007 // A.M. Best Co. has assigned a financial strength rating of “A-” (Excellent) and an issuer credit rating of “a-” to Bermuda-based Hatherley Insurance Ltd. with a stable outlook. “These ratings...
RenRe Promotes Richardson to Sr. VP
Aug 15 2007 // Bermuda’s RenaissanceRe Holdings Ltd. has promoted Laurence B. (Larry) Richardson to Senior Vice President – RenaissanceRe Ventures. He will continue to report to Jay Nichols, Executive Vice President,...
RenRe Reports $193.7 Million Q2 Net
Aug 2 2007 // Bermuda-based RenaissanceRe Holdings Ltd. posted $193.741 million after tax income for the second quarter of 2007. Net income available to common shareholders was $183.166 million or $2.53 per diluted common share in the...
Best Affirms Glencoe, Subs Ratings; Revises Outlooks to Positive
Jun 13 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and issuer credit ratings (ICR) of “a-” for the operating subsidiaries of Bermuda-based Glencoe Group Holdings Ltd....
RenRe’s Starbound II Adds Capacity to Florida Homeowners Market
Jun 5 2007 // Bermuda-based RenaissanceRe Holdings Ltd. announced the formation and funding of Starbound Reinsurance II Limited, a new Bermuda reinsurance company, that will make approximately $375 million in new reinsurance capacity...
RenRe’s Riker to Retire
May 24 2007 // 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...
Fitch Affirms RenRe’s Ratings
May 3 2007 // Fitch Ratings has affirmed the following ratings on Bermuda-based RenaissanceRe Holdings Ltd. (RNR): –Issuer Default Rating ‘A-‘; –Senior unsecured notes ‘BBB+’; –Preferred stock...
RenRe Net Income Rises on Investments; Conference Call Today
May 2 2007 // RenaissanceRe reported net income of $190.8 million for the first quarter of 2007 or $2.63 per common share, up from the $178.98 million in the first quarter of 2006. First quarter operating income – which excludes...
RenRe to Announce Q1 Results ; Conference Call Details
May 1 2007 // Bermuda-based RenaissanceRe Holdings Ltd. will release the results of the first quarter of 2007, following the close of market on Tuesday, May 1, 2007. The Company will conduct an investment community conference call on...
Best Affirms Tokio Millennium Re ‘A+’ Ratings
Apr 27 2007 // A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa-” for Bermuda-based Tokio Millennium Re Limited (TMR), a subsidiary of Tokio Marine...
RenRe to Develop ‘WOW’ Hurricane Study Model
Feb 23 2007 // RenaissanceRe announced that it will participate in a project, conducted by Florida International University’s (FIU) International Hurricane Research Center (IHRC) and WeatherPredict Consulting, Inc., a U.S....
RenaissanceRe Settles Finite Risk Charges with SEC for $15 Million
Feb 8 2007 // RenaissanceRe Holdings Ltd. has agreed to pay a $15 million fine to settle civil securities-fraud charges by federal regulators over what they said was a sham transaction designed to burnish its earnings by smoothing their...
RenaissanceRe Reports Record 2006 Net Income of $761.6 Million
Feb 7 2007 // Bermuda’s RenaissanceRe Holdings Ltd. bounced back strongly from last year’s catastrophes to post net income for 2006 of $761.635 million, compared to a $281.3 million loss in 2005. Operating income for the...
RenRe Finalizes Settlement with SEC
Feb 7 2007 // Bermuda’s RenaissanceRe Holdings Ltd. announced that the “Securities and Exchange Commission had accepted the company’s previously announced offer of settlement in connection with the its investigation...
RenRe to Post Q4, Full Year Financials; Conference Call Details
Feb 6 2007 // Bermuda’s RenaissanceRe Holdings Ltd. will release its fourth quarter and full year 2006 financial results following the close of market on Tuesday, February 6, 2007. The Company will conduct an investment community...
Fitch Rates RenRe’s Preferred Share Issue ‘BBB’/Stable
Dec 14 2006 // Fitch Ratings has affirmed its existing debt ratings on RenaissanceRe Holdings Ltd (RNR) – variously “A-“, “BBB+” and “BBB” – and has assigned a ‘BBB’ rating to...
