RenaissanceRe Holdings Ltd.

RenaissanceRe Holdings Ltd.

RenaissanceRe Holdings Ltd.

Overview
Date Founded

1993

Headquarters

12 Crow Lane, Renaissance House, Pembroke, HM 19, BMU

Type of Company

Public

Employees (Worldwide)

604

Industries

Other Insurance Services
Insurance: Property & Casualty
Reinsurance

Company Description

Founded in Bermuda in 1993, RenaissanceRe is now one of the world’s largest and most successful reinsurers of natural and man-made catastrophes. We have also established a significant franchise as a specialty reinsurer for a wide range of coverages. We participate selectively in the insurance market through RenaissanceRe Syndicate 1458 at Lloyd’s. In addition, we create and manage joint ventures and structured products that enable others to partner with us and invest alongside us. Our largest joint ventures include DaVinci Reinsurance Ltd. and Top Layer Reinsurance Ltd. Our management expertise, disciplined underwriting approach, sophisticated risk models and responsive client service have earned us a reputation for excellence throughout our industry. This success has also led us to achieve a consistent record of exceptional financial performance for RenaissanceRe’s shareholders.

Executives & Employees

Director, President & Chief Executive Officer

Chief Financial Officer & Executive Vice President

Senior Vice President, Chief Investment Officer

Senior Vice President, Group General Counsel & Corporate Secretary

Senior Vice President & Chief Technology Officer

Chief Executive Renaissance Reinsurance Ltd. Davinci Reinsurance Ltd. (Singapore Branch)

Chief Risk Officer

Senior Vice President & Chief Accounting Officer

Senior Vice President, Chief Human Resource Officer

Chief Executive Officer Renaissancere Syndicate Management Limited

Board of Directors

Executive Chairman at Harbour International Trust Co. Ltd.

Partner, Practice Leader Securities Litigation & Secretary Enforcement at Jones Day

Director, President & Chief Executive Officer at RenaissanceRe Holdings Ltd.

Co-Founder at Atrevida Partners LLC

Managing Director at Bushnell Consulting

Former Chief Executive Officer at Damballa, Inc.

President at Carol Sanders Consulting LLC

Richard K. Mellon Professor Emeritus of Finance at University of Pennsylvania - The Wharton School

Executive Vice President, Human Resources & Chief Human Resources Officer, PepsiCo at Pepsico Foundation, Inc.

Senior Managing Director at Brock Capital Group LLC

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Owners & Shareholders
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TimesSquare is a fundamental research-oriented, growth equity investment management firm that specializes in Small-Cap, Small/Mid-Cap, Mid-Cap, and concentrated growth equity strategies. The firm seeks build diversified portfolios of growth stocks that generate excellent risk-adjusted returns. Proprietary fundamental research drives their disciplined, bottom-up process of selecting companies that meet their definition of a superior growth business. Each of their investment strategies is managed by a portfolio manager or group of portfolio managers in a manner consistent with their approach to investing. In general, TimesSquare looks for a targeted range of price appreciation potential generally over a 12 to 18 month investment horizon. The firm may also consider the probability of retaining/widening margins, proportion of recurring revenues, strength of balance sheet, barriers to entry and competitive landscape, management track record, and market visibility.

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SCL uses a variety of investment strategies and has broad discretion in making investments for the Funds. The firm draws on numerous resources to generate ideas, including public financial statements, industry conferences, traditional Wall Street research and industry contacts, consultants and bankers. Research typically includes reviewing the prospectus of the company and conducting an analysis of a company’s reported earnings as well as financial statements and SEC filings. They develop and closely reviews internal valuations for potential investment targets, including revenues, margins, operating income, cash flow and earnings per share.

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Polar Capital is a specialist, investment-led, active fund manager which offers a range of geographical and sector funds. The firm utilizes a fundamental research driven approach that seeks to provide differentiated risk-adjusted returns over the long-term through their long-only and absolute return funds in its product range. Polar Capital selects stocks based on their potential for returns and focuses on management quality, new growth markets, the globalization of major technology trends, exploiting international valuation anomalies and sector volatility.

Recent Transactions
Details Hidden

RenaissanceRe Holdings Ltd. issued USD Common Shares

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AXA SA, Axa Liabilities Managers SAS purchase RenaissanceRe (UK) Ltd. from RenaissanceRe Holdings Ltd.

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RenaissanceRe Holdings Ltd. issued . USD Common Shares

Transaction Advisors
Legal Advisor

Advised onRenaissanceRe Holdings Ltd. purchases Platinum Underwriters Holdings Ltd.

Investment Advisor

Advised onRenaissanceRe Holdings Ltd. purchases Platinum Underwriters Holdings Ltd.

Escrow Agent

Advised onRenaissanceRe Holdings Ltd. issued USD Common Shares

Counsel

Advised onQBE Insurance Group Ltd. purchases RenaissanceRe Holdings Ltd. / US Property & Casualty Bus from RenaissanceRe Holdings Ltd.

Legal Advisor

Advised onQBE Insurance Group Ltd. purchases RenaissanceRe Holdings Ltd. / US Property & Casualty Bus from RenaissanceRe Holdings Ltd.

Underwriter

Advised onRenaissanceRe Holdings Ltd. issued USD Common Shares

Advisors & Consultants
Legal Advisor

Co-Founder at Boies, Schiller & Flexner LLP

Advisor

Former Chief Operating Officer & Chief Financial Officer Renaissancere Holdings Ltd at RenaissanceRe Holdings Ltd.

Advisor

Professional at Platinum Underwriters Holdings Ltd.

Clients

Fairfax Financial Holdings Limited is a holding company whose corporate objective is to achieve a high rate of return on invested capital and build long term shareholder value. The company has been under present management since September 1985.

Aon Plc operates as a global professional services firm. It provides advice and solutions to clients focused on risk, retirement, and health through the following products and services: Commercial Risk Solutions, Reinsurance Solutions, Retirement Solutions, Health Solutions, and Data and Analytic Services. The Commercial Risk Solutions includes retail brokerage, cyber solutions, global risk consulting, and captives. The Reinsurance Solutions comprises treaty and facultative reinsurance brokerage and capital markets. The Retirement Solutions consists of core retirement, investment consulting, and talent, rewards and performance. The Health Solutions involves in heath and benefits brokerage and healthcare exchanges. The Data and Analytic Services include Affinity, Aon InPoint, and ReView. The company is headquartered in Dublin, Ireland.

Alleghany Corp. engages in the provision of property, casualty reinsurance, insurance and financial services. It operates its through the Reinsurance and Insurance segments. The Reinsurance segment consists of property and casualty and other reinsurance operations. The Insurance segment consists of property and casualty insurance operations. The company was founded by Oris Paxton Van Sweringen and Mantis James Van Sweringen in 1929 and is headquartered in New York, NY.

Key Stats and Financials As of 2020
Market Capitalization
$8.05B
Total Enterprise Value
$12.9B
Earnings Per Share
$15.31
Revenue
$5.16B
Total Equity
$10.9B
TEVNet Income
17.16x
Debt TEV
0.09x
Three Year Compounded Annual Growth Rate Of Revenue
35%
Enterprise Value / Sales
2.51x
Total Debt
$1.19B
Net Profit
$753M
Investments
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Essent Group Ltd. is a holding company, which engages in the provision of banking services. It offers mortgage insurance, reinsurance, and risk management products. The company was founded by Mark A. Casale on July 1, 2008 and is headquartered in Hamilton, Bermuda.

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Pricelock, Inc. provides online energy solutions. The firm allows energy professionals to transact energy products online, connect with other professionals based on their interest in buying, selling specific types of energy and to recruit talent and find jobs. The company was founded in 2006 by Robert M. Fell and is headquartered in Redwood City, CA.

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Trupanion, Inc. engages in the provision of medical insurance for cats and dogs. It operates through the following segments: Subscription Business and Other Business. The Subscription Business segment involves in the monthly subscriptions of pet medical insurance. The Others Business segment includes companies or organizations that choose to provide medical insurance for cats and dogs as a benefit to their employees or members and contracts include multiple pets. The company was founded by Darryl Rawlings in January 2000 and is headquartered in Seattle, WA.

Suppliers
Hibernia REIT Plc Real Estate Investment Trusts | Dublin, Ireland

Hibernia REIT PLC is a real estate investment trust, which acquires and holds investments. It operates through the following segments: Office Assets, Office Development Assets, Residential Assets, Industrial or Land Assets, Other Assets, and Central Assets and Costs. The Office Assets segment focuses in the central Dublin completed office buildings, all of which are generating rental income. The Office Development Assets segment comprises of properties that the Group has currently under development in line with its strategic objectives. The Residential Assets segment contains the income generating multi-tenanted residential assets. The Industrial or Land Assets segment involves in the industrial units with adjacent agricultural land which generates some rental income. The Other Asset segment consists of assets identified for resale from loan portfolio purchases. The Central Assets and Costs segment include head office assets and expenses. The company was founded on August 13, 2013 and is headquartered in Dublin, Ireland.

Competitors
Apollo Global Management, Inc. Private Equity & Venture Capital - New York, New York

Since its founding in 1990, Apollo has grown to become one of the world's largest alternative investment managers. As of June 30, 2012, we had total assets under management of $105 billion, with a team of 616 employees located in ten offices around the world. We attribute our success to our key competitive strengths: our investment process and approach to investing, which incorporates our flexibility to invest throughout market cycles and across the capital structure, our deep industry expertise and focus on complex transactions, our investment edge which creates proprietary investment opportunities, and our collaboration with portfolio company management teams; our integrated business model which combines the strength of our private equity, credit-oriented capital markets, and real estate platforms, and also includes a dedicated Natural Resources Fund; our long-standing investor relationships which include many of the world’s most prominent pension and endowment funds, financial institutions and individuals; our long-term capital base; our strong management team and reputation; and our alignment of interests with investors in our funds and shareholders. We operate our businesses in an integrated manner, which we believe distinguishes us from other alternative investment managers. Our investment professionals frequently collaborate and share information across disciplines including market insight, management, banking and consultant contacts as well as potential investment opportunities, which contributes to our library of industry knowledge and enables us to invest successfully across a company’s capital structure. The integrated Apollo platform and the experience of our investment team have enabled us to deliver strong long-term investment performance in our funds throughout a range of economic cycles. Our investment approach is value-oriented, focusing on industries in which we have considerable knowledge, and emphasizing downside protection and the preservation of capital. We are frequently contrarian in our investment approach, which is reflected in a number of ways, including: our willingness to invest in industries that our competitors typically avoid; the often complex structures we employ in some of our investments, including our willingness to pursue difficult corporate carve-out transactions; our experience investing during periods of uncertainty or distress in the economy or financial markets; our orientation towards sole-sponsored transactions; and our willingness to undertake transactions that have substantial business, regulatory or legal complexity. We have successfully applied this investment philosophy since Apollo's founding, allowing us to identify what we believe to be attractive investment opportunities, deploy capital across the balance sheet of industry leading businesses, and create value for our investors throughout economic cycles.

AIG Other Insurance Services - Washington, DC

American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG traces its root to 1919, when American Cornelius Vander Starr established a general insurance agency, American Asiatic Underwriters, in Shanghai, China. Since then, an enterprising spirit, ingenuity, and tenacity have built the company into one of the world’s leading insurers. Today, AIG is focused on what it has been known for since the beginning: the willingness and ability to provide insurance coverage to meet the diverse needs of its clients.

Chubb Ltd. Insurance: Property & Casualty - Switzerland

Chubb Ltd. operates as a holding company, which engages in the provision of commercial and personal property and casualty insurance, personal accident and supplemental health insurance (A&H), reinsurance, and life insurance. It operates through the following geographical segments: North America Commercial P&C Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance, and Life Insurance. The North America Commercial P&C Insurance segment comprises operations that provide P&C insurance and services to large, middle market, and small commercial businesses in the U.S., Canada, and Bermuda. The North America Personal P&C Insurance segment provides affluent and high net worth individuals and families with homeowners, automobile and collector cars, valuable articles, personal and excess liability, travel insurance, and recreational marine insurance and services. The Global Reinsurance segment markets reinsurance products worldwide under the Chubb Tempest Re brand name and provides solutions for small to mid-sized clients and multinational ceding companies. The Overseas General Insurance segment comprises Chubb International and Chubb Global Markets. The Life Insurance segment comprises Chubb's international life operations, Chubb Tempest Life Re, and the North American supplemental A&H and life business of Combined Insurance. The company was founded on January 14, 2016 and is headquartered in Zurich, Switzerland.

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