James Gibbons to Become Non-Executive Chair; Ralph Levy to Continue
PEMBROKE, Bermuda--(BUSINESS WIRE)--Nov. 16, 2015--
RenaissanceRe Holdings Ltd. (NYSE:RNR) announced today that James L.
Gibbons, who has been a member of the Board since 2008 and Chair of the
Audit Committee since 2013, will become the Non-Executive Chair of the
Board of Directors following the Company’s Annual General Meeting of
Shareholders in May 2016. Ralph B. Levy, who has been a member of the
Board since 2007 and Non-Executive Chair since 2011, will transition the
role to Mr. Gibbons, and will continue to serve as a director of the
Company, subject to his reelection at the 2016 Annual Meeting.
Kevin J. O’Donnell, Chief Executive Officer, said, “Ralph has played a
central role in RenaissanceRe’s development during his five year tenure
as Non-Executive Chair. My management team, fellow directors and I are
thankful for his service and valuable advice. We appreciate that he will
be continuing to serve on the Board in order to ensure a smooth
“We are pleased to welcome James to the new role of Non-Executive Chair.
He brings a breadth of skills and experiences in our industry and has a
proven track record of building and leading businesses. He will be an
instrumental partner in overseeing our strategy and pursuit of
Mr. Levy added, “It has been a privilege to have served as the
Non-Executive Chair of RenaissanceRe over the past five years. The
Company has achieved significant strategic milestones over that time and
is well-positioned for the challenges of the current market, and those
of the future. Our succession process was robust and the entire Board
joins me in congratulating James on his appointment. We are sure that
James is the right person to chair RenaissanceRe for the next phase of
Mr. Gibbons is a Bermudian citizen who is Chairman of Harbour
International Trust Company Limited and is the Treasurer of Edmund
Gibbons Limited. Mr. Gibbons also serves as a Senior Adviser and
Director of Clarien Group Limited (“Clarien”), a Bermuda-based financial
company, as well as President of Bermuda Air Conditioning Limited. In
June 2013, Mr. Gibbons was elected as a member of the Board of Directors
of Nordic American Tankers Limited, a publicly held company. From 1999
to 2013, Mr. Gibbons served as Chair, and, from 1999 to 2010, as
President and Chief Executive Officer, of Capital G Limited, a majority
of the equity of which was acquired by Clarien.
RenaissanceRe Holdings Ltd. is a global provider of reinsurance and
insurance. The Company’s business consists of three reportable segments:
(1) Catastrophe Reinsurance, which includes catastrophe reinsurance and
certain property catastrophe joint ventures managed by the Company’s
ventures unit; (2) Specialty Reinsurance, which includes specialty
reinsurance and certain specialty joint ventures managed by the
Company’s ventures unit; and (3) Lloyd’s, which includes reinsurance and
insurance business written through RenaissanceRe Syndicate 1458.
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Source: RenaissanceRe Holdings Ltd.
RenaissanceRe Holdings Ltd.
Rohan Pai, 441-295-4513
– Corporate Finance
Kekst and Company
Hill or Dawn Dover, 212-521-4800