Welcome to our dedicated page for Renaissance news (Ticker: RNR), a resource for investors and traders seeking the latest updates and insights on Renaissance stock.
RenaissanceRe Holdings Ltd. provides global reinsurance and insurance solutions, with recurring updates centered on property, casualty and specialty reinsurance. The company serves customers principally through intermediaries and reports underwriting activity across Property and Casualty and Specialty operations, including catastrophe-exposed business, other property classes, casualty lines and specialty risks.
RenaissanceRe news commonly covers quarterly and annual financial results, combined ratios, gross premiums written, catastrophe-loss effects, fee income, net investment income and book-value measures. Other recurring developments include dividend declarations, share repurchase authorizations, board and governance changes, and conference-call notices tied to the company's financial reporting cycle.
RenaissanceRe Holdings Ltd. (RNR) will hold a conference call on January 27, 2021, at 11:00 a.m. ET to discuss its financial results for Q4 and year-end 2020. The earnings release will occur after market close on January 26, 2021. A live webcast will be accessible through the company's website, with an archived version available from 2:00 p.m. ET on January 27 until midnight ET on February 27, 2021. RenaissanceRe is a global reinsurance and insurance provider, established in 1993, catering to various regions worldwide.
RenaissanceRe Holdings Ltd. (NYSE: RNR) appoints Shannon Lowry Bender as Senior Vice President, Group General Counsel, and Corporate Secretary, effective January 1, 2021. She succeeds Stephen Weinstein, who departs the company but will assist as an advisor for one year. CEO Kevin O’Donnell expressed excitement about Bender's leadership during a pivotal time for the organization. With over 25 years in corporate law and governance, Bender transitions from a leadership role at CIT. RenaissanceRe continues to provide reinsurance and insurance solutions globally, emphasizing effective risk management.
RenaissanceRe Holdings Ltd. reported a net income of $47.8 million ($0.94/share) in Q3 2020, up from $36.7 million ($0.83/share) in Q3 2019. However, the operating loss was $131.7 million ($2.64/share), contrasting with an operating income of $32.7 million ($0.73/share) last year. The company faced a $321.7 million negative impact from major catastrophes, including hurricanes and wildfires, leading to a significant underwriting loss of $206.1 million and a combined ratio of 120.6%. Despite challenges, gross premiums rose 32.7% to $1.1 billion, driven by both segments.
RenaissanceRe Holdings Ltd. (NYSE: RNR) estimates a net negative impact of approximately $325 million on its Q3 2020 results due to catastrophe events, primarily from Hurricanes Laura and Sally and wildfires across the U.S. West Coast. The company anticipates a modest net income available to common shareholders but forecasts an operating loss. Ongoing assessment of Hurricane Delta's impact is underway, alongside the continuing evaluation of California wildfires. The company underscores the value of reinsurance amidst increasing climate-related disasters.
RenaissanceRe Holdings Ltd. (NYSE: RNR) will hold a conference call on October 28, 2020, at 11:00 a.m. ET to discuss its third-quarter financial results and outlook. The results will be released after the market closes on October 27, 2020. Investors can access the live webcast via the company's website. An archived version will be available from October 28 to November 28, 2020. Established in 1993, RenaissanceRe specializes in reinsurance and insurance solutions, with a presence in multiple countries including the U.S., U.K., and Bermuda.
RenaissanceRe Holdings Ltd. (NYSE: RNR) announced the departure of Michael Doak, Senior VP and Portfolio Manager, who is set to launch Griffin Highline Capital, a private investment firm focused on the insurance sector. CEO Kevin J. O’Donnell expressed gratitude for Doak's contributions and mentioned RenaissanceRe will be an initial investor in the new firm. Founded in 1993, RenaissanceRe specializes in property, casualty, and specialty reinsurance, operating globally with a strong presence in multiple countries.