RenaissanceRe
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The executive will work alongside head of international catastrophe Andrew Mellor at the Bermuda reinsurer.
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The ILS market faces a test to recover position as it loses market share to traditional players. -
The Japanese carrier says loss derives mainly from an appreciation in the value of the yen since TMR’s launch in 2000.
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About 46 percent of shareholders disapproved of O’Donnell’s compensation in a non-binding advisory vote.
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First-quarter combined ratios deteriorated at most Bermuda-based (re)insurers.
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Reinsurers recognize the need for more rate for the risk being ceded, O’Donnell said on the firm’s Q1 call.
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The Bermudian (re)insurer posted a combined ratio of 72 percent in Q1 2019, a 1.4 percentage point increase year on year.
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The investor claims various potential acquirers would "covet" the Kevin O'Donnell-led reinsurer.
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