Loretta J. Mester to Join RenaissanceRe Holdings Ltd. Board of Directors
November 06 2024 - 4:19PM
Business Wire
RenaissanceRe Holdings Ltd. (NYSE: RNR) (“RenaissanceRe” or the
“Company”) today announced today that Loretta J. Mester has been
appointed to serve as an independent director of the Company
effective November 6, 2024 and that, at such time, Brian G. J.
Gray, who served as a member of the Board since 2013, retired as a
director.
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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 Cleveland. Her deep understanding of macroeconomic
policy, global financial systems and management of systemic risk
will further RenaissanceRe’s purpose of protecting communities and
enabling prosperity in an increasingly volatile world. I would also
like to thank Brian for his 11 years of service on our Board. As an
industry expert, Brian’s guidance has been invaluable to the
Company and my fellow directors as we have expanded RenaissanceRe’s
global footprint and diversified our underwriting portfolio. We are
grateful to Brian for his important contributions and welcome
Loretta to the Board.”
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 Cleveland from 2014 until her retirement
earlier this year. Previously, she served at the Federal Reserve
Bank of Philadelphia, as the executive vice president and director
of research.
Dr. Mester is an adjunct professor of finance at the Wharton
School of the University of Pennsylvania and previously taught at
New York University’s Ph.D. program in finance.
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 Columbia University and M.A. and Ph.D. degrees in
economics from Princeton University, where she was a National
Science Foundation Fellow.
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
Bermuda, Australia, Canada, Ireland, Singapore, Switzerland, the
United Kingdom and the United States.
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.
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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
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