RenaissanceRe Holdings Ltd. announced that Hugh Brennan, currently finance director at RenaissanceRe Syndicate Management Ltd., will become RSM’s chief executive officer, effective for 2016.
Brennan joined RenaissanceRe in Bermuda in 2009, subsequently moving to London and assuming a series of positions of increasing responsibility. Previously, Brennan spent nine years with a global public accounting firm, working in Dublin, New York and Bermuda.
Richard Murphy, who has served as chief executive officer of RSM and its successors since its formation in 2002, will retire from that position and be appointed chairman of the board of RSM. The appointments are subject to customary Lloyd’s and regulatory approvals.
“We want to thank Richard for bringing his deep expertise in the Lloyd’s market to our syndicate since our founding, and are delighted he will continue as chairman of RSM,” said Kevin O’Donnell, chief executive officer of RenaissanceRe Holdings Ltd.
“Hugh is an ideal successor as he brings many years of global finance experience to the role, and has been a valued part of our team in both our Bermuda and London platforms,” he said.
“Our syndicate [Syndicate 1458] has developed into a meaningful franchise of RenaissanceRe and enhances our ability to serve clients, and to match risk and capital on a global basis. I am pleased that we have established a strong presence in the market due to the investments we have made in people, technology and infrastructure.”
Source: RenaissanceRe Holdings Ltd.
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