PEMBROKE, Bermuda--(BUSINESS WIRE)--Aug. 2, 2017--
RenaissanceRe Holdings Ltd. (NYSE:RNR) announced today that Duncan P.
Hennes, 60, and Dr. Valerie Rahmani, 59, have been appointed to serve as
independent directors effective August 2, 2017. Mr. Hennes is the
Co-Founder and Partner of Atrevida Partners, LLC. Dr. Rahmani most
recently served as Chief Executive Officer of Damballa, Inc., a
privately-held cyber-security company.
As previously announced, William F. Hagerty, IV, 57, who served as a
member of the Board from 2015, resigned as a director effective July 20,
2017, following his confirmation by the U.S. Senate to the position of
Ambassador to Japan and prior to his commencement of service as
Ambassador. Ralph B. Levy, 71, who served as a member of the Board since
2007 and as non-Executive Chair from 2011 to 2016, retired as a director
effective August 2, 2017.
Kevin J. O’Donnell, President and Chief Executive Officer of
RenaissanceRe, said, “On behalf of my fellow directors and management
team, I am pleased to recognize Ralph and Bill for their distinguished
service. Ralph’s leadership and advice during his 10 years as a director
helped RenaissanceRe to navigate through market cycles, important
regulatory developments and organizational changes. Bill’s wise counsel
during his tenure was invaluable during a pivotal period for the
Company. We thank them for their service, and look forward to welcoming
Duncan and Val.”
James L. Gibbons, non-Executive Chair of RenaissanceRe added, “The
entire RenaissanceRe Board is grateful for Bill and Ralph’s service and
leadership as directors. We congratulate Bill on his confirmation to the
critical post of Ambassador to Japan. Bill made important contributions
to the Board and the Company and we wish him all the best in this
important new role. We also congratulate Ralph for his distinguished
service on our Board, including his tenure as Non-Executive Chair during
which he helped lead us through change and transitions, while ensuring
the consistency of our approach and protecting the collegiality of our
Board. Our Board continually reviews its composition in light of the
Company’s strategy and evolving operations, and seeks to identify
potential candidates who may strengthen our Board’s breadth of talent
and background. With Duncan and Val we are delighted to have identified
two such outstanding individuals. We welcome them to our Board.”
Mr. Hennes co-founded Atrevida Partners, LLC in 2007. His previous
experience includes a number of senior executive positions at Bankers
Trust Company, including Executive Vice President in charge of Trading,
Sales and Derivatives, and as the Chairman of the Board of Oversight
Partners I, the consortium that took control of Long Term Capital
Management. Following his time at Bankers Trust, he went on to become
the Chief Executive Officer at Soros Fund Management. Mr. Hennes has
served on the board of Citigroup (NYSE: C) since 2013, where he
currently chairs the Personnel and Compensation Committee and serves on
the Executive Committee and the Risk Management Committee.
Dr. Rahmani has more than 30 years of experience in the technology
industry, including more than 25 years at IBM serving in roles of
increasing seniority across multiple global business segments.
Subsequent to her tenure at IBM, Dr. Rahmani was Chief Executive Officer
at Damballa, an Internet security software company, from 2009 to 2012.
Since 2015, she has served on the board of Computer Task Group,
Incorporated (NASDAQ: CTG), an information technology solutions and
software company, where she currently chairs the Compensation Committee
and serves on the Audit Committee and the Nominating and Corporate
Governance Committee. Dr. Rahmani also serves on the board of Aberdeen
Asset Management PLC, a UK-based Financial Times Stock Exchange 250
global investment management group, where she is the Chair of the
Innovation Committee.
RenaissanceRe Holdings Ltd. is a global provider of reinsurance and
insurance. The Company’s business consists of two reportable segments:
(1) Property, which is comprised of catastrophe and other property
reinsurance and insurance written on behalf of the Company’s operating
subsidiaries and certain joint ventures managed by the Company’s
ventures unit, and (2) Casualty and Specialty, which is comprised of
casualty and specialty reinsurance and insurance written on behalf of
the Company’s operating subsidiaries and certain joint ventures managed
by the Company’s ventures unit. Established in 1993, the Company has
offices in Bermuda, Ireland, Singapore, the United Kingdom, and the
United States.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170802006318/en/
Source: RenaissanceRe Holdings Ltd.
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