RenaissanceRe
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He is replaced in the role by Shannon Lowry Bender, who starts work on 1 January next year.
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The syndicate has a £651mn stamp for 2021 as it looks to redeploy growth capital released from a recent adverse development cover.
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CEO Kevin O'Donnell said climate change was driving increases in cat loss frequency.
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Axis, RenRe, Arch and Everest Re trade roughly in line with the S&P 500. -
The Bermuda carrier will be an initial investor in Griffin Highline.
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The CEO says recent trends are affirming the assumptions made before the carrier’s $1bn equity raise.
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The reinsurer’s combined ratio improved to 78.5% from 81.3% in the prior year quarter.
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The former RenRe third-party capital chief joins the Bermudian ILS firm.
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The executive played a key management role in a group that has raised more than $1bn in the last year.
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This comes after Everest Re previously let a mid-year renewal lapse, with ILS capacity scarce.
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The shares change hands at a 0.6 percent premium to the undisturbed price, though more than 5 percent below Tuesday's close.
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Shares in the carrier rise more than 4 percent in the New York morning.
Most Recent
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02 July 2025 -
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02 July 2025