RenRe News

RenRe Appoints Qutub as CFO, Succeeding Kelly Who Is Retiring

RenaissanceRe Holdings Ltd. announced that Jeffrey D. Kelly, its chief financial officer and chief operating officer, is retiring. Kelly, 62, will be succeeded as CFO by Robert Qutub, effective Aug. 8, 2016, and will remain as chief operating officer until …

RenaissanceRe’s Q4 Operating Income Is $135M, Down from $140.3M in Q4 2014

Bermuda-based RenaissanceRe Holdings Ltd. reported fourth quarter 2015 operating income available to RenaissanceRe common shareholders of $135.0 million, or $3.07 per diluted common share, compared to $140.3 million, or $3.62 per diluted common share, in the fourth quarter of 2014. …

Best Affirms Top Layer Re’s ‘A+’ Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa-” of Bermuda-based Top Layer Reinsurance Ltd. ; both with stable outlooks. The ratings reflect the “substantial amount of support Top …

First Quarter Earnings Reports: Arch Capital, RenaissanceRe

RenRe Estimates Australia Flood Losses $30 Mn; NZ Quake $190 Mn

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 flooding and the New Zealand earthquake will have a …

QBE Completes Acquisition of RenRe’s U.S. Insurance Operations

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 acquisition supports its “commitment to growing the business …

RenRe’s Q4 Net Income – $122.6 Million; FY $702 Million Show Decreases

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 diluted common share, in the fourth quarter …