PEMBROKE, Bermuda, Feb 25, 2010 (BUSINESS WIRE) -- RenaissanceRe Holdings Ltd. (NYSE: RNR) announced today the promotion of Peter C. Durhager, currently Senior Vice President and Chief Administrative Officer, to Executive Vice President. Mr. Durhager will continue to report to Neill A. Currie, the Company's Chief Executive Officer, and to serve as Chief Administrative Officer and as a member of the RenaissanceRe Executive Committee.

Mr. Currie said: "Peter has made substantial contributions to RenaissanceRe, leading many of our global integration initiatives and helping ensure that we have a robust, state-of-the-art infrastructure that ably supports our increasingly diverse operations. Thanks in no small part to Peter's contributions, we are well positioned to execute on our strategic plan and to accommodate future expansion as market needs warrant. I'm delighted to recognize Peter's leadership through this promotion."

Mr. Durhager, 39, joined RenaissanceRe in 2003 as Chief Administrative Officer, and has served as President of the Company's Global Shared Services division, with responsibilities including human resources, organizational development, marketing, communications, operations and information technology. Prior to joining the Company, Mr. Durhager was co-founder, President and Chief Operating Officer of Promisant Ltd., Chairman and CEO of Logic Communications Ltd., and President and CEO of Millennium International Limited. Mr. Durhager is also a Director of KeyTech Ltd., ASCENDANT Group Limited, and the Centre on Philanthropy.

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, commercial insurance and quota share reinsurance.

SOURCE: RenaissanceRe Holdings Ltd.

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