RenaissanceRe Holdings Ltd. is a global reinsurer that helps protect against natural and man-made risks. In 2024, the firm wrote $11.7 billion in premiums and earned $1.6 billion in underwriting income.
The company was founded in 1993 in Bermuda after Hurricane Andrew disrupted the market. It was backed by Warburg Pincus and launched with $140 million in startup capital. The firm focused on property catastrophe reinsurance with strong underwriting and data-driven pricing.
Other major milestones in RenaissanceRe Holdings Ltd.’s growth include:
1995: went public on the NYSE under the ticker RNR, gaining capital market access
2001: formed DaVinci Re to expand third-party capital and diversify risk exposure
2005: remained profitable after covering losses from hurricanes Katrina, Rita, and Wilma
2015: bought Platinum Underwriters for $1.9 billion, adding scale and specialty risk diversity
2019: acquired Tokio Millennium Re and expanded its global platform to over $15 billion
In 2023, the firm acquired Validus Re, adding $3 billion in capital and extending its reach across more risk lines. In 2025, it launched the Medici UCITS Fund which expanded catastrophe bond offerings to European investors.
RenaissanceRe Holdings Ltd. delivers a wide range of reinsurance products supported by strong capital and underwriting discipline:
property catastrophe: covers high-severity natural events like hurricanes, earthquakes, and wildfires globally
other property: includes property per risk, proportional and retrocessional reinsurance for non-cat events
casualty: protects insurers from losses in general liability, workers’ comp, and motor liability
specialty: covers niche risks like energy, marine, aviation, and political violence
credit: reinsures lenders and insurers from loan defaults, trade credit, and mortgage-related risk
excess of loss: limits insurer losses beyond a set threshold for large claims
proportional reinsurance: shares premiums and losses between the reinsurer and insurer on agreed terms
RenaissanceRe’s diverse offerings support a wide range of clients across regions and lines of business. Its high ratings reflect capital strength, risk discipline, and leadership in reinsurance underwriting.
RenaissanceRe Holdings Ltd. operates with a deep sense of purpose—to protect communities and support global prosperity. That purpose drives the team to solve complex problems and bring stability to a changing world.
The company’s vision is to lead in underwriting while focusing on smart capital and meaningful risk. Its mission blends capital strength with precise risk selection, which helps deliver long-term value to clients.
To keep employees engaged, supported, and aligned with company goals, RenaissanceRe Holdings Ltd. offers a broad range of benefits:
learning & development: staff receive mentoring, stretch assignments, leadership training, and technical development
rewards & benefits: global employees are supported with benefits tailored to local needs
paid time off: includes flexible vacation days, family leave, and wellness-related breaks
medical plans: regional healthcare coverage is available for staff and their families
retirement plans: employees can access future-focused savings and long-term planning support
wellness programs: supports physical, mental, and emotional health at work and at home
career coaching: individuals receive both informal and formal guidance to reach their personal goals
Respect, passion, and integrity are central values. These guide how the company empowers talent across every level. Employees are trusted to take initiative, think freely, and grow while solving meaningful challenges.
RenaissanceRe Holdings Ltd. supports DEI through local office committees that lead events, talks, and learning sessions. These efforts build inclusion through open dialogue and region-specific experiences:
DEI educational programming: speakers, workshops, and awareness under "Think Global, Act Local”
Diversity and the employee lifecycle: giving, volunteer days, and employee donation matching
External engagement: Dive In Festival, Race Action UK, Women ReBOOT Ireland
RenaissanceRe Holdings Ltd.’s DEI Council ensures inclusion, equity, and diversity are part of everyday work and leadership.
RenaissanceRe supports the UN Global Compact and promotes responsible business across all operations. It backs sustainable insurance and investing to help address global and local challenges. Risk innovation, resilience, and strong partnerships help reduce impact and support vulnerable communities.
In early 2025, RenaissanceRe reported a loss tied to wildfire claims. Despite the impact, premiums grew and leadership called for improved catastrophe modeling. Its future focus may center on longer risk cycles and underwriting innovation.
As they declare a new dividend, RenaissanceRe Holdings Ltd. renews buyback plan following early 2025 earnings pressure. The updated authorization brings total repurchase capacity to $750 million with no set expiration. The firm also aims to offer global investors access to its cat bond strategy through the new UCITS fund.
Key execs take new roles as firm sharpens strategy in casualty, credit, and operations
Reinsurer's profits torched by California wildfires
Company reports robust performance for the quarter
This follows robust performance in the first quarter
Ratings agency predicts underwriting profits and positive operating income in the future
