RenRe managing agency appoints CEO

Bermuda-based re/insurer RenaissanceRe has appointed Hugh Brennan as chief executive officer (CEO) of managing agency RenaissanceRe Syndicate Management (RSM).

Brennan, who currently serves as finance director of RSM, will take up the new role in 2016.

Richard Murphy, who has served as CEO of RSM and its successors since its formation in 2002, will retire from the position and be appointed chairman of the board.

“We want to thank Richard for bringing his deep expertise in the Lloyd’s market to our Syndicate since our founding, and are delighted he will continue as chairman of RSM,” said Kevin O’Donnell, CEO of RenaissanceRe.

“Hugh is an ideal successor as he brings many years of global finance experience to the role, and has been a valued part of our team in both our Bermuda and London platforms.

“Our Syndicate has developed into a meaningful franchise of RenaissanceRe and enhances our ability to serve clients, and to match risk and capital on a global basis. I am pleased that we have established a strong presence in the market due to the investments we have made in people, technology and infrastructure.”