PEMBROKE, Bermuda--(BUSINESS WIRE)--May. 15, 2013--
RenaissanceRe Holdings Ltd. (NYSE: RNR) today announced that effective
July 1, 2013, Neill Currie will retire and Kevin O’Donnell will succeed
him as Chief Executive Officer and join the Board of Directors of the
Company. As part of the transition, Mr. Currie will continue in an
advisory capacity to the Company through the conclusion of his contract
in February 2014.
Kevin J. O'Donnell, current President and Global Chief Underwriting Officer of RenaissanceRe Holdings Ltd., has been appointed Chief Executive Officer and Director, effective July 1, 2013. (Photo: Business Wire)
Ralph Levy, Chairman of the Company’s Board of Directors, commented:
“The Board gives Kevin our full support in his new role as CEO. He has
already proven himself as an outstanding leader at RenaissanceRe and in
the market. Kevin is both ready to assume his new responsibilities, and
the right person for the position.
“The entire Board would like to thank Neill for his countless
contributions to RenaissanceRe’s success. As a co-founder in 1993, and
as CEO since 2005, Neill has worked tirelessly to build RenaissanceRe
into a global leader in our industry. The foundations he has laid have
served us in good stead for twenty years, and they will remain as the
backbone of our continued success.”
Mr. O’Donnell commented: “I am excited and honored to become
RenaissanceRe’s CEO and I want to thank Neill, the Board, and our
leadership team and staff for their support. After seventeen years with
RenaissanceRe, I know we have the best team in the business, and I look
forward to leading the firm.
“Working with Neill has been a pleasure and I wish him the very best in
his retirement. Neill’s passion for building a strong company culture
and delivering superior customer service have become hallmarks of
RenaissanceRe. We will ensure that this legacy continues.”
Mr. Currie commented: “I have absolute confidence that Kevin and his
executive team will continue to build long-term value in RenaissanceRe.
It is an exciting time as we celebrate our 20th anniversary,
and I am both proud and humbled to retire during a period of success and
positive change for the Company. The RenaissanceRe team will continue to
provide our valued clients and partners with superior customer service
and results in the years to come.”
Mr. O’Donnell joined RenaissanceRe in 1996 as an International and Ceded
Reinsurance underwriter and has served in positions of increasing
leadership since that time. Mr. O’Donnell previously served as President
of RenaissanceRe Holdings Ltd. since 2012, Global Chief Underwriting
Officer since 2010 and President of Renaissance Reinsurance Ltd. since
2005. In his various roles, Mr. O’Donnell has managed all of the
Company’s reinsurance operations, had responsibility for direct
insurance operations, including at Lloyd’s, and supervised all assumed
risk across the enterprise, including the Company’s ventures unit. He
holds a Bachelor of Arts degree in Economics from Hamilton College and
an M.B.A. from New York University’s Stern School of Business.
RenaissanceRe Holdings Ltd. is a global provider of reinsurance and
insurance. The Company’s business consists of two reportable segments:
(i) Reinsurance, which includes catastrophe reinsurance, specialty
reinsurance and certain property catastrophe and specialty joint
ventures managed by the Company’s ventures unit, and (ii) Lloyd’s, which
includes reinsurance and insurance business written through Syndicate
1458.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20130515006823/en/
Source: RenaissanceRe Holdings Ltd.
Investors:
RenaissanceRe Holdings Ltd.
Rohan
Pai, 441-295-4513
or
Media:
Kekst
and Company
Peter Hill or Dawn Dover, 212-521-4800
