This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

RenaissanceRe Holdings' Management Presents At Barclays Global Financial Services Conference (Transcript)

One of the areas for which I have responsibility at RenaissanceRe is corporate strategy. So today I thought I’d start with a bit of background on the company and our history, and then give you some insight into our corporate strategy, business unit strategy and how we think about the role of investments and capital management within that strategy. So with that let me give you a little bit of background on the history of the company.

As Jay said, at RenaissanceRe we are a global provider of property and cat specialty reinsurance through our store office in Bermuda, and right now only property cat and specialty reinsurance, but also some insurance coverage’s via our Lloyd’s operation. I think some people have typically thought RenaissanceRe as a Florida specialist, but I suspect after the events of 2011, they were dissuaded of that misinterpretation.

Our business model is to match what we believe are attractive risks with the right capital to support it. Sometimes it’s our own, sometimes it comes from third parties but more often they’re not as the mixture of the two each and every time. Company was founded in 1993 and has a market capitalization just under $4 billion. We've enjoyed strong financial performance over our history with tangible book value per share, plus change in accumulated dividends which is our primary financial target having grown at a compound annual growth rate of 20% since our inception as a public company.

Finally, we have some of the strongest financial strength and enterprise risk management ratings in our industry that I think attest to the competitive strengths of the company, as well as that financial performance.

Only about 3% of companies in our industry have earned an excellent enterprise risk management rating. Okay with that as background, let me shift to a description of our corporate strategy. I think it's rather simple and fundamentally unchanged since our inception some almost 20 years ago now.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.01 0.00%
GOOG $682.74 0.00%
FB $99.75 0.00%
YHOO $27.05 0.00%
TSLA $147.99 0.00%


Chart of I:DJI
DOW 16,027.05 -177.92 -1.10%
S&P 500 1,853.44 -26.61 -1.42%
NASDAQ 4,283.7530 -79.3910 -1.82%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs