RenaissanceRe Holdings Ltd. (RNR): RenaissanceRe Holdings Ltd. (Renaissance...

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Monday, 04/23/2012 8:14:39 AM

Monday, April 23, 2012 8:14:39 AM

RenaissanceRe Holdings Ltd. (RenaissanceRe) writes property catastrophe reinsurance. The Company is a global provider of reinsurance and insurance coverages and related services. Its products include property catastrophe reinsurance, which it writes through its operating subsidiary Renaissance Reinsurance Ltd. (Renaissance Reinsurance), its Lloyd’s syndicate, RenaissanceRe Syndicate (Syndicate 1458), and joint ventures. The Company operates in three segments: Reinsurance, Lloyd’s and Insurance. Effective January 1, 2012, the Company sold a portion of its holding in DaVinciRe Holdings Ltd. (DaVinciRe) to a third party, and subsequent to the transaction, ownership interest in DaVinciRe decreased to 34.7%. In March 2011, the Company completed the sale of its United States-based admitted insurance operations to QBE.

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