RenaissanceRe Announces Michael Doak Departing to Start New Private Investment Firm
RenaissanceRe Holdings Ltd. (NYSE: RNR) announced the departure of Michael Doak, Senior VP and Portfolio Manager, who is set to launch Griffin Highline Capital, a private investment firm focused on the insurance sector. CEO Kevin J. O’Donnell expressed gratitude for Doak's contributions and mentioned RenaissanceRe will be an initial investor in the new firm. Founded in 1993, RenaissanceRe specializes in property, casualty, and specialty reinsurance, operating globally with a strong presence in multiple countries.
- RenaissanceRe will be an initial investor in Michael Doak's new firm, indicating confidence in his capabilities.
- The company continues to build a strategic investment portfolio.
- Departure of a key executive could lead to uncertainty in the investment strategy.
PEMBROKE, Bermuda--(BUSINESS WIRE)--RenaissanceRe Holdings Ltd. (NYSE: RNR) (the “Company” or “RenaissanceRe”) announced today that Michael Doak, Senior Vice President and Portfolio Manager for the Company’s strategic investment portfolio, will be departing to launch Griffin Highline Capital, a new private investment firm focused on the insurance industry.
Kevin J. O’Donnell, Chief Executive Officer of RenaissanceRe, said: “It has been a pleasure to work with Michael over the years. As he transitions to this new opportunity, we thank him for his ongoing efforts and look forward to participating in his future success as an initial investor in his new firm.”
About RenaissanceRe
RenaissanceRe is a global provider of reinsurance and insurance that specializes in matching well-structured risks with efficient sources of capital. The Company provides property, casualty and specialty reinsurance and certain insurance solutions to customers, principally through intermediaries. Established in 1993, the Company has offices in Bermuda, Australia, Ireland, Singapore, Switzerland, the United Kingdom and the United States.
