Type: Public
On the web: http://www.renre.com
Employees: 517
Employee growth: 2.2%

If insurers help save for a rainy day, RenaissanceRe Holdings builds an ark. Through its Renaissance Reinsurance subsidiary, the Bermuda-based firm indemnifies insurance companies around the globe against excess losses on natural catastrophes, paying insurance claims after they exceed a certain retained amount. Top Layer Re, a joint venture with State Farm, provides excess non-US property catastrophe reinsurance. Another RenaissanceRe venture, DaVinci Reinsurance, covers catastrophes and specialty risks such as terrorism. Subsidiary RenRe offered primary-property insurance in the US until the company sold it in early 2011 to QBE for about $275 million.

Key numbers for fiscal year ending December, 2010:
Sales: $1,224.7M
One year growth: (26.6%)
Net income: $744.7M
Income growth: (15.5%)

Officers:
Chairman: W. James MacGinnitie
President, CEO, and Director: Neill A. Currie
EVP and CFO: Jeffrey D. Kelly

Competitors:
ACE Limited
PartnerRe
XL Group plc

© 2012 Hoover's, Inc. All rights reserved.