- Business
- RenaissanceRe Holdings Ltd. (NYSE:RNR) is a global provider of reinsurance and insurance products that specializes in property catastrophe excess of loss reinsurance and other property risks, casualty reinsurance including general liability and workers' compensation, and specialty reinsurance covering energy, marine, aviation, political violence, and credit; it also offers proportional reinsurance, property per risk, retrocessional reinsurance, binding facilities, excess of loss protection, and insurance-linked securities through its Capital Partners division, which manages third-party investor capital in structures such as the DaVinciRe sidecar, Medici catastrophe bond funds, and rated reinsurer Vermeer Re backed by PGGM. Founded in 1993 and headquartered in Pembroke, Bermuda, the company operates offices in Australia, Canada, Ireland, Singapore, Switzerland, the United Kingdom, and multiple locations across the United States including New York, Stamford, Chicago, and Raleigh. In March 2025, RenaissanceRe completed its $1.5 billion acquisition of Tokio Millennium Re, enhancing its product offerings and market access; its Capital Partners third-party assets under management reached a record $8.54 billion as of September 2025, up 11% year-over-year driven by growth in DaVinciRe, catastrophe bonds, and Vermeer Re, while the board renewed its share repurchase authorization to $750 million in November 2025 amid strong quarterly financial results including $907.7 million in net income for Q3 2025.