PEMBROKE, Bermuda--(BUSINESS WIRE)--Jun. 10, 2009--
RenaissanceRe Holdings Ltd. (NYSE: RNR) today announced the appointment
of Jeffrey D. Kelly as Executive Vice President and Chief Financial
Officer, effective July 6, 2009. Mr. Kelly will succeed Fred R.
Donner, who is leaving the Company for personal reasons to return to the
United States. Mr. Kelly, 55, formerly served as Chief Financial Officer
of National City Corporation from 2000 until his retirement from the
company in 2008. Mr. Kelly had also served in the additional post of
Vice Chairman from 2004. Mr. Kelly is a member of the board of directors
of The Progressive Corporation, where he serves as Chairman of the
Investment and Capital committee.
Neill A. Currie, President and Chief Executive Officer of RenaissanceRe,
said, “Fred has been a valued member of our team for the past three
years, leading the further development of our accounting, control and
financial reporting functions, expanding the talent and expertise of our
finance function, and providing important input into our strategic
growth plans. We thank Fred for his contributions to RenaissanceRe and
wish him well.
“Jeff brings RenaissanceRe a wealth of experience from a nearly 30-year
career at one of the United States’ largest diversified financial
institutions, serving in its most senior finance role until his
retirement last year. His experience at National City
includes responsibility for several of its core banking businesses,
large staff groups and for many years, managing its interest rate and
market risk management activities. We will benefit from Jeff’s broad
experience and leadership skills as we further develop the RenaissanceRe
platform by capitalizing upon our leading underwriting, risk management
and modeling expertise over the coming years,” concluded Mr. Currie.
Mr. Kelly, who will be based in Bermuda, will also join the Company's
Executive Committee. Mr. Donner will serve as an advisor to the Company
through September 30, 2009 to help with the transition of
responsibilities.
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 business, which
includes primary insurance and quota share reinsurance.
Source: RenaissanceRe Holdings Ltd.
Investor:
RenaissanceRe Holdings Ltd.
Fred Donner
441-239-4758
or
Kekst
and Company
David Lilly or Dawn Dover
212-521-4800
