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A potentially $1 billion reinsurance company has been unveiled by RenaissanceRe Holdings Ltd and major pension fund manager PGGM, of the Netherlands. The new company is called Vermeer Reinsurance Ltd has approval in principle to be licensed and regul...

RenaissanceRe expects to realise some cost-saving benefits through its proposed takeover of Tokio Millenium Re — but it is too early for specifics on the impact on jobs. Agreement on the $1.5 billion deal, which is expected to close in the first half...

Bermudian reinsurer RenaissanceRe Holdings Ltd has agreed to buy Tokio Millennium Re in a cash-and-shares deal worth $1.5 billion. The agreement has been unanimously approved by the boards of directors of both companies. The transaction is expected t...

RenaissanceRe Holdings Ltd has estimated catastrophe losses of $155 million for the third quarter. The Bermudian reinsurer said Typhoon Jebi, which battered southern and central areas of Japan last month, would have a negative impact of about $70 mil...

Shares of Bermudian reinsurer RenaissanceRe gained today after an institutional shareholder publicly urged the company to put itself up for sale. TimesSquare Capital Management revealed that it had pressed the reinsurer’s board of directors for “an i...

RenaissanceRe Holdings Ltd posted second-quarter net income of nearly $192 million on the back of what the Bermudian firm’s CEO described as “our best portfolio of risk in years”. The reinsurer handily beat Wall Street expectations with operating ear...

RenaissanceRe Holdings Ltd is to raise $250 million in an underwritten preference-share offering. The Bermudian reinsurer said the net proceeds of the offering of ten million depositary shares representing the 5.75 per cent Series F preference shares...

Bermudian reinsurer RenaissanceRe is working with catastrophe modelling firm AIR Worldwide in a joint effort to enhance the insurance industry’s modelling of long-tail casualty risk. “Since our inception, RenaissanceRe has been at the forefront of ap...

RenaissanceRe Holdings Ltd reported a net loss of $3.5 million for the fourth quarter of last year, as a one-off writedown related to US tax cuts weighed on results. The Bermudian insurer and reinsurer also took a hit from California wildfires during...

RenaissanceRe has struck an agreement to buy a minority stake in run-off specialist Catalina Holdings. Both companies are based in Bermuda. The agreement involves RenaissanceRe Ventures Ltd, a subsidiary of RenRe. The deal is expected to close concur...

Bermudian reinsurer RenaissanceRe is teaming up with Reinsurance Group of America to launch a new life reinsurer. Langhorne Re, which will be based in Bermuda, is backed by $780 million of initial capital committed by RenRe and RGA, as well as third-...

RenaissanceRe Holdings Ltd expects a $40 million reduction in income as a result of the passing of the US tax Bill. In a statement, the Bermudian-based company said it had conducted a preliminary assessment of the Tax Cuts and Jobs Act of 2017, which...