STOCK TITAN

Renaissance - RNR STOCK NEWS

Welcome to our dedicated page for Renaissance news (Ticker: RNR), a resource for investors and traders seeking the latest updates and insights on Renaissance stock.

RenaissanceRe Holdings Ltd. (symbol: RNR) is a premier global provider of reinsurance and insurance solutions, founded in Bermuda in 1993. As one of the world’s largest and most successful catastrophe reinsurers, the company also excels in offering casualty and specialty reinsurance across a broad spectrum of products. RenaissanceRe selectively participates in the insurance market through RenaissanceRe Syndicate 1458 at Lloyd’s and manages significant joint ventures, such as DaVinci Reinsurance Ltd. and Top Layer Reinsurance Ltd., allowing partners to invest alongside them.

The company’s strengths lie in its disciplined underwriting approach, sophisticated risk models, and a proven track record of exceptional financial performance. RenaissanceRe’s main business segments include the Property Segment which covers catastrophe and other property reinsurance, and the Casualty and Specialty Segment that encompasses casualty and specialty reinsurance. The latter contributes to the majority of the company’s revenue.

Revenue streams for RenaissanceRe include net premiums earned from insurance and reinsurance products, net investment income from capital funds and cash, and other income derived from joint ventures, advisory services, and other related activities.

Recent achievements and current projects have solidified RenaissanceRe’s standing in the industry, showcasing their ability to respond to market needs with agility and precision. Their deep client relationships and commitment to excellent service continue to drive their success, further enhancing their reputation for reliability and expertise.

Rhea-AI Summary
RenaissanceRe Holdings Ltd. has completed the acquisition of Validus Re from American International Group, Inc. The company reported an annualized return on average common equity of 11.5% and an annualized operating return on average common equity of 25.0%. The overall combined ratio was 78.0%. Fee income increased by 150.9% from Q3 2022 to $64.6 million, and net investment income increased by 108.6% to $329.1 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.09%
Tags
-
Rhea-AI Summary
RenaissanceRe Holdings Ltd. has completed its acquisition of Validus Re, the treaty reinsurance business of AIG. The acquisition includes Validus Reinsurance Ltd., AlphaCat Managers Ltd., and all renewal rights to the Assumed Reinsurance Treaty Unit of Talbot. The transaction accelerates RenaissanceRe's strategy, expands its ability to match efficient capital to desirable risk, and positively impacts its three drivers of profit. Sidley Austin LLP and Oxbow Partners acted as legal counsel and integration consultant, respectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.36%
Tags
-
Rhea-AI Summary
RenaissanceRe Holdings Ltd. will release its financial results for Q3 2023 on November 1, 2023, and conduct a conference call on November 2, 2023, to discuss the results and outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.32%
Tags
Rhea-AI Summary
AM Best affirms RenaissanceRe's Financial Strength Rating of A+ and Long-Term Issuer Credit Ratings of aa-. DaVinci and Vermeer also affirmed. RenaissanceRe's exposure to catastrophe losses is a concern, but it benefits from broad-based pricing improvement. DaVinci and Vermeer have strong balance sheet strength and very strong ERM. RenaissanceRe's Long-Term IRs affirmed with stable outlooks.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.28%
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.05%
Tags
dividends
-
Rhea-AI Summary
RenaissanceRe Holdings Ltd. (NYSE: RNR) reported strong financial results for Q2 2023, with a 28.8% operating return on average common equity. The company experienced strong performance across both segments, with a property combined ratio of 63.0% and a casualty and specialty combined ratio of 93.2%. Property catastrophe net premiums written grew by 54.9% driven by significant rate increases. Fee income increased by 65.5% compared to Q2 2022, and net investment income grew by 173.0%. The company also announced an agreement to acquire Validus Re from American International Group, Inc. in a $2.985 billion transaction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.5%
Tags
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.36%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.94%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.88%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.03%
Tags
none

FAQ

What is the current stock price of Renaissance (RNR)?

The current stock price of Renaissance (RNR) is $237.62 as of February 28, 2025.

What is the market cap of Renaissance (RNR)?

The market cap of Renaissance (RNR) is approximately 11.5B.

What does RenaissanceRe Holdings Ltd. specialize in?

RenaissanceRe specializes in providing reinsurance and insurance solutions, specifically in catastrophe reinsurance, casualty, and specialty reinsurance.

Where is RenaissanceRe Holdings Ltd. headquartered?

RenaissanceRe Holdings Ltd. is headquartered in Bermuda.

What are the main business segments of RenaissanceRe?

The main business segments are the Property Segment, covering catastrophe and other property reinsurance, and the Casualty and Specialty Segment, which includes casualty and specialty reinsurance.

What is RenaissanceRe Syndicate 1458 at Lloyd’s?

RenaissanceRe Syndicate 1458 at Lloyd’s is a platform through which the company selectively participates in the insurance market.

Can investors partner with RenaissanceRe?

Yes, through joint ventures like DaVinci Reinsurance Ltd. and Top Layer Reinsurance Ltd., investors can partner with and invest alongside RenaissanceRe.

How does RenaissanceRe generate its revenue?

RenaissanceRe generates revenue through net premiums earned from insurance products, net investment income, and other income from joint ventures and advisory services.

What recent achievements has RenaissanceRe made?

RenaissanceRe has reinforced its industry position by focusing on client service, disciplined underwriting, and sophisticated risk models, resulting in continued financial performance and industry recognition.

Who are some of RenaissanceRe's key partners?

Key partners include DaVinci Reinsurance Ltd. and Top Layer Reinsurance Ltd., which are joint ventures managed by RenaissanceRe.

When was RenaissanceRe founded?

RenaissanceRe was founded in 1993.

What is the significance of RenaissanceRe's disciplined underwriting approach?

The disciplined underwriting approach allows RenaissanceRe to assess and manage risks effectively, contributing to their strong financial performance and industry reputation.
Renaissance

NYSE:RNR

RNR Rankings

RNR Stock Data

11.50B
48.21M
1.9%
102.11%
3.27%
Insurance - Reinsurance
Fire, Marine & Casualty Insurance
Link
Bermuda
PEMBROKE