RenRe boosts board with Tennessee commissioner

RenaissanceRe has strengthened its board with the appointment of William Hagerty, following the retirement of board member James MacGinnitie.

Hagerty served as Tennessee’s commissioner of economic and community development and as a member of the Governor’s cabinet until retiring from these positions in January 2015 to rejoin Hagerty, Peterson & Company, private equity investment firm at which he had previously served as a founder and managing director since 1996.

Kevin O’Donnell, chief executive officer, said: “It is a fitting time in RenaissanceRe’s strategic evolution to celebrate Jim MacGinnitie’s invaluable service to our company. As past non-executive chair of our board of directors and throughout his tenure on our board, Jim has been a valued adviser on key industry and business issues.

“Jim has my thanks and appreciation and that of my entire management team. Bill brings to our board extensive experience drawn from both a distinguished career in public service and as a successful financial and business executive. We look forward to drawing on his judgment and expertise as we continue to move our business forward.”

Ralph Levy, non-executive chairman of RenRe, added: “Our entire board and management are deeply appreciative of the central role Jim has played in RenaissanceRe’s development and success over more than half of our company’s history, including during his critical service as our first non-executive chair.

“We are pleased to welcome Bill, whose knowledge of and success in both the public and private sector will bring fresh perspective to the Board’s oversight of this fine organisation at a time of accelerating industry change.”