PEMBROKE, Bermuda--(BUSINESS WIRE)--Nov. 19, 2015--
RenaissanceRe Holdings Ltd. (NYSE:RNR) (“RenaissanceRe”) announced today
the following succession changes at RenaissanceRe Syndicate Management
Limited (“RSM”) effective for 2016.
At that time, Hugh Brennan, currently RSM’s Finance Director, will be
appointed to the role of Chief Executive Officer of RSM. Mr. Brennan
joined RenaissanceRe in Bermuda in 2009, subsequently moving to London
and assuming a series of positions of increasing responsibility.
Previously, Mr. Brennan spent nine years with a global public accounting
firm working in Dublin, New York and Bermuda.
Richard Murphy, who has served as Chief Executive Officer of RSM and its
successors since its formation in 2002, will retire from that position
and be appointed Chairman of the Board of RSM. The appointments are
subject to customary Lloyd's and regulatory approvals.
Kevin O’Donnell, Chief Executive Officer of RenaissanceRe Holdings Ltd.,
said: “We want to thank Richard for bringing his deep expertise in the
Lloyd’s market to our Syndicate since our founding, and are delighted he
will continue as Chairman of RSM.
Hugh is an ideal successor as he brings many years of global finance
experience to the role, and has been a valued part of our team in both
our Bermuda and London platforms.
Our Syndicate has developed into a meaningful franchise of RenaissanceRe
and enhances our ability to serve clients, and to match risk and capital
on a global basis. I am pleased that we have established a strong
presence in the market due to the investments we have made in people,
technology and infrastructure.”
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, of
which RSM is the managing agent.
For more information, visit www.renre.com
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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