CFO & COO Jeffrey D. Kelly to Retire; Robert Qutub to Join as CFO
PEMBROKE, Bermuda--(BUSINESS WIRE)--Jul. 12, 2016--
RenaissanceRe Holdings Ltd. (NYSE: RNR) (the “Company” or
“RenaissanceRe”) today announced that Jeffrey D. Kelly, 62, will retire
effective September 15, 2016. He will be succeeded as Chief Financial
Officer by Robert Qutub effective August 8, 2016 and will remain Chief
Operating Officer until September 15, 2016. Following his retirement,
Mr. Kelly will serve as an advisor to the Company.
Kevin O’Donnell, Chief Executive Officer, stated, “Our entire team is
grateful to Jeff for all he has accomplished over his seven years as
Chief Financial Officer at RenaissanceRe. Since joining us in 2009, Jeff
has led a significant enhancement in our financial and strategic
planning functions, strengthening our team and delivering outstanding
results. From the leadership he provided during the Platinum acquisition
to his input and insight as a member of our executive team, Jeff has
contributed meaningfully to our ongoing success.”
Mr. O'Donnell added, “Jeff's retirement is the culmination of a
thoughtful succession planning process in which he was actively
involved. While we will miss his contributions at the Company, we are
happy he will have more time to spend with his family upon his return to
the U.S. We will have the benefit of Jeff's input in an advisory
capacity during the 12 months following his departure in September.”
Mr. Kelly said, “The last seven years have been an exciting time to be
at RenaissanceRe. I've thoroughly enjoyed working with such an
incredibly talented team.”
Mr. Qutub will join the company as Executive Vice President and Chief
Financial Officer on August 8. Most recently, Bob was Chief Financial
Officer and Treasurer for MSCI Inc. (NYSE: MSCI) from July 2012 to May
2016, where he managed all aspects of SEC reporting, treasury, investor
relations, financial planning and internal controls, as well as other
responsibilities. Prior to MSCI, Mr. Qutub was with Bank of America for
18 years, where he held several segment Chief Financial Officer roles,
most notably for Global Consumer and Business Banking, Global Banking
and Markets and Global Wealth Management. Bob holds a Bachelor of
Science in Accounting from the University of North Carolina at Charlotte
and is a member of the American Institute of Certified Public
Accountants. He also served in the United States Marine Corps and is
currently on the Board of Directors of USAA Federal Savings Bank.
Mr. O'Donnell said, “Bob has a long career of demonstrated leadership
and I look forward to working with him in his capacity as Chief
Financial Officer. We are delighted to have him join the RenaissanceRe
team.”
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160712006572/en/
Source: RenaissanceRe Holdings Ltd.
Investors:
RenaissanceRe Holdings Ltd.
Rohan Pai, 441-295-4513
Director
– Investor Relations
or
Media:
RenaissanceRe Holdings Ltd.
Elizabeth
Tillman, 212-238-9224
Director of Communications
or
Kekst
and Company
Peter Hill or Dawn Dover, 212-521-4800