RenaissanceRe

RenaissanceRe Announces Pricing of Public Offering of 5,500,000 Common Shares

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星期三, 六月 3, 2020
Professional services, Insurance, Finance, Finance, Money, Economy, Actuarial science, RenaissanceRe, Goldman Sachs, Insurance, Reinsurance, Underwriting

RenaissanceRe Holdings Ltd. (NYSE: RNR) (the Company or RenaissanceRe) announced today the pricing of an underwritten public offering of 5,500,000 of its common shares at a price to the public of $166.00 per share, before underwriting discounts and commissions.

Key Points: 
  • RenaissanceRe Holdings Ltd. (NYSE: RNR) (the Company or RenaissanceRe) announced today the pricing of an underwritten public offering of 5,500,000 of its common shares at a price to the public of $166.00 per share, before underwriting discounts and commissions.
  • Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC are acting as joint book-running managers and representatives of the underwriters for the offering.
  • The underwriters have the option to purchase up to an aggregate of 825,000 additional common shares from the Company.
  • RenaissanceRe is a global provider of reinsurance and insurance that specializes in matching well-structured risks with efficient sources of capital.

RenaissanceRe Announces Public Offering of 5,500,000 Common Shares

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星期二, 六月 2, 2020
Professional services, Insurance, Finance, Finance, Money, Economy, Stock market, Goldman Sachs, Subprime mortgage crisis, Security, Private placement, RenaissanceRe, Initial public offering

RenaissanceRe Holdings Ltd. (NYSE: RNR) (the Company or RenaissanceRe) announced today that it has commenced an underwritten public offering of 5,500,000 of its common shares.

Key Points: 
  • RenaissanceRe Holdings Ltd. (NYSE: RNR) (the Company or RenaissanceRe) announced today that it has commenced an underwritten public offering of 5,500,000 of its common shares.
  • State Farm Mutual Automobile Insurance Company (State Farm), which currently owns approximately 4.4% of RenaissanceRes total common shares outstanding, has entered into an investment agreement to purchase, subject to the consummation of the underwritten public offering and other customary conditions, approximately $75 million of the Companys common shares at the public offering price per share in a concurrent private placement exempt from the registration requirements of the U.S. Securities Act of 1933, as amended.
  • Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC are acting as joint book-running managers and representatives of the underwriters for the offering.
  • The underwriters will have the option to purchase up to an aggregate of 825,000 additional common shares from the Company.

RenaissanceRe Holdings Ltd. Announces Quarterly Dividend

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星期二, 五月 19, 2020
Professional services, Insurance, Finance, RenaissanceRe, Dividend, Companies

The Board of Directors of RenaissanceRe Holdings Ltd. (NYSE: RNR) announced today a quarterly dividend of $0.35 per common share on its common shares.

Key Points: 
  • The Board of Directors of RenaissanceRe Holdings Ltd. (NYSE: RNR) announced today a quarterly dividend of $0.35 per common share on its common shares.
  • The dividend is payable on June 30, 2020, to shareholders of record on June 15, 2020.
  • RenaissanceRe is a global provider of reinsurance and insurance that specializes in matching well-structured risks with efficient sources of capital.
  • Established in 1993, the Company has offices in Bermuda, Australia, Ireland, Singapore, Switzerland, the United Kingdom and the United States.

AM Best Affirms Credit Ratings of RenaissanceRe Holdings Ltd. and Its Main Subsidiaries

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星期三, 五月 13, 2020
Banking, Professional services, Insurance, Finance, Economy, Actuarial science, Auditing, Enterprise risk management, Information technology audit, Internal audit, RenaissanceRe, Credit rating, Business

Additionally, AM Best has affirmed the Long-Term ICR of a- and Long-Term Issue Credit Ratings (Long-Term IR) of RenaissanceRe Holdings Ltd. [NYSE: RNR].

Key Points: 
  • Additionally, AM Best has affirmed the Long-Term ICR of a- and Long-Term Issue Credit Ratings (Long-Term IR) of RenaissanceRe Holdings Ltd. [NYSE: RNR].
  • The outlook of these Credit Ratings (ratings) is stable.
  • The ratings of RenaissanceRe reflect the groups balance sheet strength, which AM Best categorizes as strongest, as well as its adequate operating performance, favorable business profile and very strong enterprise risk management (ERM).
  • AM Best will continue to monitor the situation with the COVID-19 pandemic and possible loss development for RenaissanceRe and the industry.

RenaissanceRe Appoints Ed Cruttenden Active Underwriter of Syndicate 1458 at Lloyd’s and Bryan Dalton Chief Underwriting Officer – Europe

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星期二, 五月 5, 2020
Professional services, Insurance, Finance, Underwriting, RenaissanceRe, Actuarial science, Companies

RenaissanceRe Holdings Ltd. (NYSE: RNR) (the Company or RenaissanceRe) announced today that Ed Cruttenden has been appointed Active Underwriter of RenaissanceRes Syndicate 1458 at Lloyds, effective May 1, 2020.

Key Points: 
  • RenaissanceRe Holdings Ltd. (NYSE: RNR) (the Company or RenaissanceRe) announced today that Ed Cruttenden has been appointed Active Underwriter of RenaissanceRes Syndicate 1458 at Lloyds, effective May 1, 2020.
  • Bryan Dalton, the previous Active Underwriter for Syndicate 1458, will assume responsibility for underwriting across the Companys European platform as Chief Underwriting Officer Europe.
  • Ross Curtis, Group Chief Underwriting Officer, stated: Ed is a talented underwriter with deep experience managing risks within Lloyds and across RenRe.
  • Mr. Curtis continued, Bryan has done a superb job leading the underwriting of Syndicate 1458, significantly growing our business at Lloyds.

Third Point Reinsurance Ltd. Announces Date for First Quarter 2020 Earnings Release

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星期三, 四月 29, 2020
Reinsurance companies, Insurance, Finance, Types of insurance, Actuarial science, Reinsurance, Third Point Management, TransRe, RenaissanceRe

HAMILTON, Bermuda, April 29, 2020 /PRNewswire/ -- Third Point Reinsurance Ltd. (NYSE: TPRE) ("Company") today announced that it is planning to release its first quarter 2020 financial results after the market close on Thursday, May 7, 2020.

Key Points: 
  • HAMILTON, Bermuda, April 29, 2020 /PRNewswire/ -- Third Point Reinsurance Ltd. (NYSE: TPRE) ("Company") today announced that it is planning to release its first quarter 2020 financial results after the market close on Thursday, May 7, 2020.
  • The conference call can be accessed by dialing 1-877-407-0789 (domestic) or 1-201-689-8562 (international) and asking for the Third Point Reinsurance First Quarter 2020 Earnings Call.
  • The Company is a public company listed on the New York Stock Exchange which, through its wholly-owned subsidiaries Third Point Reinsurance Company Ltd. and Third Point Reinsurance (USA) Ltd., writes property and casualty reinsurance business.
  • Third Point Reinsurance Company Ltd. and Third Point Reinsurance (USA) Ltd. each have an "A-" (Excellent) financial strength rating from A.M. Best Company, Inc.

RenaissanceRe Schedules First Quarter 2020 Financial Results Conference Call

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星期三, 四月 8, 2020
Professional services, Insurance, Finance, RenaissanceRe, New York Stock Exchange, Royal Naval Reserve, Companies, Military, Economy of New York City

RenaissanceRe Holdings Ltd. (NYSE:RNR) (the Company or RenaissanceRe) will conduct an investment community conference call on Thursday, May 7, 2020, at 9:00 a.m.

Key Points: 
  • RenaissanceRe Holdings Ltd. (NYSE:RNR) (the Company or RenaissanceRe) will conduct an investment community conference call on Thursday, May 7, 2020, at 9:00 a.m.
  • ET to discuss its financial results for the first quarter of 2020, as well as the Company's outlook.
  • RenaissanceRe will release its results following the close of market on Wednesday, May 6, 2020.
  • A live webcast of the conference call will be available through the Investors section of RenaissanceRe's website at www.renre.com .

Christopher Donelan Appointed Chief Executive Officer of Sompo International’s Reinsurance Business

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星期五, 三月 20, 2020
Companies, Furukawa Group, Fuyo Group, Sompo Japan Nipponkoa Insurance, Reinsurance companies, Insurance, John Charman, Reinsurance, Maiden Holdings, RenaissanceRe

PEMBROKE, Bermuda, March 20, 2020 (GLOBE NEWSWIRE) -- Sompo International Holdings Ltd. (SIH), a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced today that, subject to applicable regulatory approval, Mr. Christopher Donelan, currently the Deputy CEO of Sompo International (SI) Reinsurance will assume the position of Chief Executive Officer of SI Reinsurance.

Key Points: 
  • PEMBROKE, Bermuda, March 20, 2020 (GLOBE NEWSWIRE) -- Sompo International Holdings Ltd. (SIH), a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced today that, subject to applicable regulatory approval, Mr. Christopher Donelan, currently the Deputy CEO of Sompo International (SI) Reinsurance will assume the position of Chief Executive Officer of SI Reinsurance.
  • Mr. Gallagher commented, I am extremely pleased that Chris has assumed the role of CEO of SIs Reinsurance business.
  • Mr. John Charman, Executive Chairman of SIH and CEO of Sompo Holdings Overseas Insurance and Reinsurance Business, added, I am delighted that Chris has been appointed to this position.
  • Sompo International Holdings Ltd. (Sompo International) is a global specialty provider of property and casualty insurance and reinsurance, headquartered in Bermuda.

Stonybrook Capital Advises Multi-Strat Holdings on Its Sale to Canopius Group

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星期三, 三月 18, 2020
Insurance, Actuarial science, Reinsurance, Reinsurance companies, RenaissanceRe

NEW YORK, March 18, 2020 (GLOBE NEWSWIRE) -- Multi-Strat Holdings Ltd. (MultiStrat) is pleased to announce a majority acquisition of the company by Canopius Group Limited (Canopius).

Key Points: 
  • NEW YORK, March 18, 2020 (GLOBE NEWSWIRE) -- Multi-Strat Holdings Ltd. (MultiStrat) is pleased to announce a majority acquisition of the company by Canopius Group Limited (Canopius).
  • Canopius transacts business through three principal underwriting platforms: Canopius Managing Agents Limited, managing Lloyds syndicates 4444 and 1861, Canopius US Insurance Inc., a Chicago based excess and surplus lines company and Canopius Reinsurance Limited, a Bermudian reinsurance carrier.
  • MultiStrat is a specialty reinsurance group headquartered in Bermuda that writes both prospective and retrospective casualty reinsurance sourced through select reinsurance intermediaries.
  • Were very pleased and excited that Bob Forness and the MultiStrat team are joining the Canopius Group.

Everest Re Group, Ltd. Announces Senior Leadership Changes At its Bermuda Operation

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星期一, 三月 2, 2020
Banking, Professional services, Insurance, Finance, Reinsurance companies, Finance, Service industries, Everest Re, Insurance, Maiden Holdings, RenaissanceRe

Mr. Downey, currently Chief Underwriting Officer of the Reinsurance Division at Everest, will continue in his current role while assuming these additional responsibilities.

Key Points: 
  • Mr. Downey, currently Chief Underwriting Officer of the Reinsurance Division at Everest, will continue in his current role while assuming these additional responsibilities.
  • He is a talented and seasoned industry leader who will continue to play an increasingly important role in the future of Everest."
  • Everest Re Group, Ltd. (Everest) is a leading global provider of reinsurance and insurance, operating for more than 40 years through subsidiaries in the U.S., Europe, Bermuda and other territories.
  • Everest offers property, casualty, and specialty products through its various operating affiliates located in key markets around the world.