RenaissanceRe Holdings LtdRNR

Morningstar Rating

Stock Research and Analysis

by Bill Bergman

RenaissanceRe is one of our favorite reinsurers. The firm has engineered a narrow economic moat by coupling a dedication to industry-standard customer service with the development of superior underwriting and pricing insights. We've recently reduced Read more

Bulls Say

RenRe's long-term underwriting performance has been outstanding. Since 1994, the firm's underwriting margin has averaged about 25%.

Despite the hurricane losses of 2004 and 2005 and 2008, RenRe's return on equity has still averaged 14% in the last decade.

RenRe is one of the world's largest property-casualty reinsurance specialists and is a top choice for many insurers because of its customer service and financial strength.

RenRe has long-standing relationships with several primary insurers and reinsurance brokers, which allow it to select some of the most profitable business available. Read more

Bears Say

As RenRe expands into newer underwriting markets, it may lack the loss-experience data to correctly price risks.

RenRe faces competition from several new Bermuda reinsurers. These competitors have clean balance sheets and a pressing need to win sales.

Reinsurance is a cyclical business subject to large price fluctuations and waves of new entrants from time to time. Read more

Strategy

RenRe strives to excel in catastrophe reinsurance markets by providing superior customer service and developing leading proprietary underwriting models that promote judicious risk selection. The firm Read more

Management

RenRe's co-founder Neill Currie replaced James Stanard as CEO several years ago, and RenRe's board recently extended his management contract. We think highly of Currie's leadership and communication skills and the respect he has garnered within and Read more

Profile

RenaissanceRe is a Bermuda-based reinsurer formed in 1993. RenRe offers a range of property-catastrophe reinsurance products, catastrophe-exposed individual risk protection, Read more

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