UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 23, 2007
RenaissanceRe Holdings Ltd.
(Exact name of registrant as specified in its charter)
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Bermuda |
34-0-26512 |
98-014-1974 |
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(State or other jurisdiction |
(Commission File |
(IRS Employer |
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Renaissance House |
HM 19 |
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(Address of principal executive offices) |
(Zip Code) |
Registrant's telephone number, including area code: (441) 295-4513
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On May 23, 2007, RenaissanceRe Holdings Ltd. (the "Company"), issued a press release announcing a retirement transition plan of William I. Riker, President of the Company. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
As previously reported in the Company's proxy statement for its 2007 Annual General Meeting, Mr. Riker is not standing for re-election and accordingly will resign from the Board of Directors of the Company immediately prior to the 2007 Annual General Meeting on May 31, 2007.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits.
The following exhibits are filed as part of this report:
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Exhibit # |
Description |
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99.1 |
Press Release, dated May 23, 2007 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
RENAISSANCERE HOLDINGS LTD.
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Date: May 30, 2007 |
By: |
/s/ Stephen H. Weinstein |
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Name: Stephen H. Weinstein
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INDEX TO EXHIBITS
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Exhibit # |
Description |
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99.1 |
Press Release, dated May 23, 2007 |
![[z6254019a63094db1b88001.jpg]](https://cdn.kscope.io/86643125499dd141d64dc9ef1cef0bc0-z6254019a63094db1b88001.jpg)
RenaissanceRe Holdings Announces Retirement Transition Plan for
President William I. Riker
Will Continue at RenaissanceRe through End of 2007
Hamilton, Bermuda, May 23, 2007 – RenaissanceRe Holdings Ltd. (NYSE:RNR) announced today a retirement transition plan for William I. Riker, the Company’s President. Mr. Riker will remain with the Company until the end of 2007, and thereafter remain an employee serving in an advisory capacity until August 2008. Neill A. Currie, Chief Executive Officer of RenaissanceRe, will also assume the role of President.
“Bill has been an important part of RenaissanceRe since our first year of operation in 1993, playing a central role in forming and executing the strategy that has led to our success,” said Neill A. Currie, Chief Executive Officer. “Though we will miss him as a member of the team after his departure, we look forward to working with Bill through the course of the next year.
“We are fortunate to have a highly talented and committed team which is already assuring that we build on our record of success by taking RenaissanceRe to the next stage of its growth and development,” said Mr. Currie.
“I have thoroughly enjoyed being part of RenaissanceRe’s development over the course of its history, and the many friendships I have made here,” said Mr. Riker. “Together, we have created an industry leading company with a first-class team of professionals. I believe RenRe is as strong as ever and the timing is right for me to consider the transition to the next part of my life. I look forward to continuing to work with Neill and the rest of the team to facilitate a smooth transition over the next year.”
RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance. Our business consists of two segments: (1) Reinsurance, which includes catastrophe reinsurance, specialty reinsurance and certain joint ventures and other investments managed by our subsidiary RenaissanceRe Ventures Ltd., and (2) Individual Risk, which includes primary insurance and quota share reinsurance.
Cautionary Statement under "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995: Statements made in this news release contain information about the Company's future business prospects. These statements may be considered "forward-looking." These statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by such forward-looking statements. For further information regarding cautionary statements and factors affecting future results, please refer to RenaissanceRe Holdings Ltd.'s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2006 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2007.
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Investor Contacts:
Media Contact:
RenaissanceRe Holdings Ltd.
Kekst and Company
Fred R. Donner
David Lilly or Dawn Dover
Chief Financial Officer
212-521-4800
or
Todd R. Fonner
Senior Vice President and Treasurer
441-295-4513