RenaissanceRe

Cyber pricing soars in Q2 as commercial lines market tops out

RenRe CEO Kevin O’Donnell said cyber reinsurance rates were two fifths higher in Q2 than during the same period last year.

Bernard Goyder, 26 July 2021
RenRe posts first underwriting gain since Q2 2020

RenRe beats estimates with $329mn underwriting income driven by a surge of profits in its property segment.

Jairo Ibarra, 23 July 2021
Florida renewals verdict: Single-digit uplift masks drastic shifts to first layers

New and growing carriers helped to fill out treaties as Sompo stepped back from a market that came in flatter than expected for remote risk.

Fiona Robertson, 28 May 2021
Casualty classes getting ‘significant’ rate above trend: RenRe’s O’Donnell

The executive also indicated that the reinsurer would be willing to grow at the Florida, if pricing reached what it viewed as adequate levels.

James Thaler, 30 April 2021
RenRe drops to $36mn underwriting loss on $180mn in Uri claims

The reinsurer grew premiums by 31% in the quarter overall, led by a 33% pickup in property premiums and 29% growth in casualty and specialty.

James Thaler, 29 April 2021
Winter storm losses to cost RenRe $180mn

Last year, RenRe reported an operating profit of $33mn in Q1 due to Covid-19 losses.

Bernard Goyder, 14 April 2021
Parry to lead rebranded RenaissanceRe Capital Partners

The division had been led by group CEO Kevin O’Donnell on an interim basis following Aditya Dutt’s departure.

Fiona Robertson, 04 March 2021
Compre: Another hungry legacy fish in the small Lloyd's pond

Competition has ramped up over the last two years and now represents a threat to returns.

Adam McNestrie, 16 February 2021
RenRe returns $150mn of Upsilon 1.1 capital raise

The move follows Fidelis’ decision to hand back $275mn it had raised for a retro vehicle.

Fiona Robertson, 11 February 2021
Four Q4 takeaways for London from early US reporters

Further Covid losses, core loss ratio improvements, reserving and the duration of the cycle are key themes emerging from the reporting season.

Catrin Shi, 03 February 2021
RenRe forecasts $1bn NWP expansion in 2021

O’Donnell noted that the Bermudian has enjoyed the fruits of a “materially improving market” during January 1 renewals.

Bernard Goyder, 28 January 2021
Post-Covid challenges could support reinsurance demand: RenRe’s O’Donnell

RenRe said it had “ample dry powder” even after fully deploying its $1.1bn 2020 capital raise.

Kit Heren, 28 January 2021