The reinsurer’s gross premiums grew by 11% and combined ratio improved by 17 points.
The appointee will join its committee responsible for governance and strategy.
The new ‘innovative’ venture is called Fontana Holdings.
CEO Kevin O’Donnell says reinsurers have an important role to play in managing climate risk.
The executive has spent 17 years with RenRe, most recently as global head of property cat.
The new director will support the board in overseeing reinsurer’s expanded global footprint.
The reinsurer highlighted ‘record’ profitability in its casualty and specialty segment.
The investment bank has noted that few reinsurers have truly capitalized on improving rates.
The deal represents the first Variable Delegated Underwriting Authority consortium.
The CEOs of RenRe, PartnerRe & AXIS Capital say cost trends merit vigilance