Loretta J. Mester to Join RenaissanceRe Holdings Ltd. Board of Directors
RenaissanceRe Holdings (NYSE: RNR) has announced the appointment of Loretta J. Mester as an independent director, effective November 6, 2024. Mester, who recently served as President and CEO of the Federal Reserve Bank of Cleveland from 2014 until her retirement, brings nearly four decades of economic policy experience. She replaces Brian G. J. Gray, who retired after serving on the board since 2013. Mester's appointment is expected to bring valuable expertise in macroeconomic policy, global financial systems, and systemic risk management to RenaissanceRe's board.
RenaissanceRe Holdings (NYSE: RNR) ha annunciato la nomina di Loretta J. Mester come direttore indipendente, con effetto dal 6 novembre 2024. Mester, che ha recentemente ricoperto il ruolo di Presidente e CEO della Federal Reserve Bank of Cleveland dal 2014 fino al suo pensionamento, porta con sé quasi quattro decenni di esperienza nelle politiche economiche. Sostituisce Brian G. J. Gray, che si è ritirato dopo aver servito nel consiglio dal 2013. La nomina di Mester si prevede apporterà competenze preziose in materia di politica macroeconomica, sistemi finanziari globali e gestione del rischio sistemico al consiglio di RenaissanceRe.
RenaissanceRe Holdings (NYSE: RNR) ha anunciado el nombramiento de Loretta J. Mester como directora independiente, con efecto a partir del 6 de noviembre de 2024. Mester, quien recientemente se desempeñó como presidenta y CEO del Banco de la Reserva Federal de Cleveland desde 2014 hasta su retiro, aporta casi cuatro décadas de experiencia en políticas económicas. Reemplaza a Brian G. J. Gray, quien se retiró tras haber formado parte de la junta desde 2013. Se espera que el nombramiento de Mester aporte valiosa experiencia en política macroeconómica, sistemas financieros globales y gestión del riesgo sistémico a la junta de RenaissanceRe.
RenaissanceRe Holdings (NYSE: RNR)가 Loretta J. Mester를 독립 이사로 임명했다고 발표했습니다. 발효일은 2024년 11월 6일입니다. Mester는 최근 2014년부터 은퇴할 때까지 클리블랜드 연방준비은행의 회장 및 CEO로 재직했으며, 경제 정책 분야에서 거의 40년의 경험을 가지고 있습니다. 그녀는 2013년부터 이사회에서 활동해온 Brian G. J. Gray를 대체합니다. Mester의 임명은 RenaissanceRe의 이사회에 매크로 경제 정책, 글로벌 금융 시스템 및 시스템 리스크 관리에 대한 귀중한 전문 지식을 제공할 것으로 예상됩니다.
RenaissanceRe Holdings (NYSE: RNR) a annoncé la nomination de Loretta J. Mester en tant que administratrice indépendante, à compter du 6 novembre 2024. Mester, qui a récemment occupé le poste de présidente et de PDG de la Federal Reserve Bank of Cleveland de 2014 jusqu'à sa retraite, apporte près de quatre décennies d'expérience en matière de politique économique. Elle remplace Brian G. J. Gray, qui a pris sa retraite après avoir été membre du conseil d'administration depuis 2013. La nomination de Mester devrait apporter une expertise précieuse en matière de politique macroéconomique, de systèmes financiers mondiaux et de gestion des risques systémiques au conseil d'administration de RenaissanceRe.
RenaissanceRe Holdings (NYSE: RNR) hat die Ernennung von Loretta J. Mester zur unabhängigen Direktorin bekannt gegeben, die am 6. November 2024 wirksam wird. Mester, die kürzlich als Präsidentin und CEO der Federal Reserve Bank of Cleveland von 2014 bis zu ihrem Ruhestand tätig war, bringt fast vier Jahrzehnte Erfahrung in der Wirtschaftspolitik mit. Sie ersetzt Brian G. J. Gray, der nach seiner Tätigkeit im Vorstand seit 2013 in den Ruhestand ging. Mesters Ernennung wird voraussichtlich wertvolle Expertise in den Bereichen makroökonomische Politik, globale Finanzsysteme und systemisches Risikomanagement in den Aufsichtsrat von RenaissanceRe einbringen.
- Addition of high-profile Federal Reserve executive with extensive macroeconomic and financial systems expertise
- Strategic board enhancement aligning with company's global expansion goals
- Loss of 11-year board member with significant industry expertise during period of acquisitions
PEMBROKE,
Loretta J. Mester (Photo: Business Wire)
Kevin J. O’Donnell, President and Chief Executive Officer of RenaissanceRe, said, “On behalf of RenaissanceRe and my fellow directors, we are delighted to announce Loretta’s appointment to our Board. Loretta joins us following an exemplary career at the Federal Reserve, including a decade as President of the Federal Reserve Bank of
James L. Gibbons, Non-Executive Chair of RenaissanceRe’s Board, added, “The RenaissanceRe Board is pleased to welcome Loretta as a director. Loretta is a recognized thought leader and a seasoned executive with nearly four decades of experience setting economic policy. The Board looks forward to working with Loretta and is confident that her expertise will support us in stewarding the organization on behalf of our shareholders. We also thank Brian for his contributions to our Board, including insights as an industry leader which supported the Board in performing our oversight role during a period of rapid growth, driven in part by three highly successful acquisitions. We also thank Brian for his contributions as the Chair of the Investment and Risk Management Committee as well as his roles on the Transaction and Offerings Committees.”
Dr. Mester most recently served as the President and CEO of the Federal Reserve Bank of
Dr. Mester is an adjunct professor of finance at the Wharton School of the University of
She is also engaged in the community, serving as a trustee of the Cleveland Clinic, a director of the Council for Economic Education, a trustee of the Musical Arts Association (Cleveland Orchestra), a founding director of the Financial Intermediation Research Society, a member of the senior council of the Central Bank Research Association, and a member of the Advisory Board of the Financial Intermediation Network of European Studies. She recently joined the Board of The Haverford Trust Company.
She holds a B.A. in mathematics and economics from Barnard College of
About RenaissanceRe
RenaissanceRe is a global provider of reinsurance and insurance that specializes in matching desirable risk with efficient capital. The Company provides property, casualty and specialty reinsurance and certain insurance solutions to customers, principally through intermediaries. Established in 1993, RenaissanceRe has offices in
Cautionary Statement Regarding Forward-Looking Statements
Any forward-looking statements made in this Press Release, including any statements regarding any future results of operations and financial positions, business strategy, plan and any objectives for future operations, reflect RenaissanceRe’s current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous factors that could cause actual results to differ materially from those set forth in or implied by such forward-looking statements, including the factors affecting future results disclosed in RenaissanceRe’s filings with the SEC, including its Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241106194541/en/
Investor Contact:
RenaissanceRe Holdings Ltd.
Keith McCue
Senior Vice President, Finance & Investor Relations
441-239-4830
Media Contacts:
RenaissanceRe Holdings Ltd.
Hayden Kenny
Senior Vice President, Investor Relations & Communications
441-239-4946
Kekst CNC
Nicholas Capuano
917-842-7859
Source: RenaissanceRe Holdings Ltd.
FAQ
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