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)

Here's the summary of our business, our mission is to produce superior financial returns for our shareholders. The higher risk, that’s our – where we’re laser focused. Superior returns come from being a leader, not a follower hence our vision statement to be a leader in the businesses in which we operate. We think that the leader in the businesses in which we’re involved is the best underwriter, hence the identity that we have adopted.

We avoid businesses where being the best underwriter isn’t likely to produce the best returns necessarily and we think this is a critical difference in our business model. Our strategy to be the best underwriter is to operate the company through a single system to match risk and capital. In the slide that follow, I’ll touch on each of these in a little bit more detail.

So on the surface our business model is simple, we match desirable risk with efficient capital. We take risks in multiple forms and deploy capital in multiple forms. Ultimately if we match desirable risk in the most efficient capital, we'll have a single portfolio that over time will outperform the market. It’s important to note that we operate the company as a single risk taking book. We are not a collection of traders each with their own profit and loss statements.

Over 19 years we’ve invested in building a system that accurately accesses and measures risk and accesses, engages the most efficient forms of capital and to match them effectively. Some parts of the system we believe have been imitated over the years on both the capital and the risk management side. But we believe our business model remains distinctive and indeed business models that have integrated systems are the most durable form of competitive advantage.

So on the next slide I want to expand a little bit more on that green box in the middle there between most efficient capital and accessing the most desirable risk which is focused on our risk-taking capabilities and our culture at the company.

Read the rest of this transcript for free on

3 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 $93.64 -0.11%
FB $118.57 0.84%
GOOG $698.21 0.75%
TSLA $241.80 0.43%
YHOO $36.53 -0.19%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs