RenaissanceRe Holdings Ltd. has extended its employment agreement with president and chief executive officer Neill Currie until 2014.

Mr. Currie's previous agreement was due to expire on February 22, 2010, but the Bermuda-based reinsurer announced yesterday that the deal had been extended by a further four years.

The American has been with RenRe since its launch in 1993 and became CEO in November 2005. Mr. Currie will also continue to serve on the company's board of directors.

"This long-term agreement secures continuity of leadership for RenaissanceRe under an individual who has positioned our business for long-term success," RenRe chairman James MacGinnitie said.

"Neill has both maintained and built upon the superior underwriting strength, modelling expertise and reputation for reliability that have long distinguished RenaissanceRe in the marketplace, and has developed a team to prepare for our current needs and future initiatives."

Mr. Currie said: "It has been a pleasure to see the company evolve from inception to its present position. I am honoured to continue to be a part of its future and to communicate to employees and shareholders my continuing dedication to the firm.

"I look forward to working with our extraordinary team to expand RenaissanceRe's market leadership and pursue promising opportunities."