RenaissanceRe Holdings Ltd. Proxy Statement for 2024 AGM

TL;DR

RenaissanceRe's proxy statement is out for the 2024 AGM - vote with the board!

AI Summary

RenaissanceRe Holdings Ltd. filed a DEFA14A proxy statement for its 2024 Annual General Meeting. The filing includes the Board of Directors' voting recommendations and a shareholder presentation. The company is seeking shareholder support for matters to be discussed at the meeting.

Why It Matters

This filing is important for shareholders as it outlines the company's governance proposals and provides information to help them make informed voting decisions at the annual meeting.

Risk Assessment

Risk Level: low — This is a standard proxy filing for an annual general meeting, containing routine corporate governance information.

Key Players & Entities

• RenaissanceRe Holdings Ltd. (company) — Registrant
• 2024 Annual General Meeting (event) — Meeting for which proxy statement is filed

FAQ

Key Financial Figures

• $250 — bal Property & Casualty (P&C) Reinsurer $250 Capital fully deployed on day 1, and Va
• $225 — ed into our risk management system soon $225 afterwards, diminishing execution risk
• $200 — afterwards, diminishing execution risk $200 $175 Strong Operational Performance Net
• $175 — rwards, diminishing execution risk $200 $175 Strong Operational Performance Net Inco
• $2.5 billion — ome Available to Common Shareholders of $2.5 billion $150 and Operating Income Available to
• $150 — to Common Shareholders of $2.5 billion $150 and Operating Income Available to Commo
• $125 — Available to Common Shareholders of (1) $125 $1.8 billion Return on Average Common E
• $1.8 billion — able to Common Shareholders of (1) $125 $1.8 billion Return on Average Common Equity of 40.5
• $100 — ge Common Equity of 40.5% and Operating $100 (1) Return on Average Common Equity of
• $75 — eturn on Average Common Equity of 29.3% $75 Change in Book Value per Common Share p
• $192 — k Value per Common Share plus Change in $192 Accumulated Dividends of 59.3% $123 $14
• $123 — in $192 Accumulated Dividends of 59.3% $123 $141 $161 $156 $122 $115 $118 $50 $104
• $141 — 192 Accumulated Dividends of 59.3% $123 $141 $161 $156 $122 $115 $118 $50 $104 $125
• $161 — ccumulated Dividends of 59.3% $123 $141 $161 $156 $122 $115 $118 $50 $104 $125 $93 $
• $156 — lated Dividends of 59.3% $123 $141 $161 $156 $122 $115 $118 $50 $104 $125 $93 $25 Un

Filing Documents

• d835827ddefa14a.htm (DEFA14A) — 33KB
• g835827g0429043211752.jpg (GRAPHIC) — 4KB
• g835827txp10g1.jpg (GRAPHIC) — 270KB
• g835827txp11g1.jpg (GRAPHIC) — 191KB
• g835827txp1g1.jpg (GRAPHIC) — 111KB
• g835827txp2g1.jpg (GRAPHIC) — 325KB
• g835827txp3g1.jpg (GRAPHIC) — 404KB
• g835827txp4g1.jpg (GRAPHIC) — 442KB
• g835827txp5g1.jpg (GRAPHIC) — 326KB
• g835827txp6g1.jpg (GRAPHIC) — 421KB
• g835827txp7g1.jpg (GRAPHIC) — 584KB
• g835827txp8g1.jpg (GRAPHIC) — 52KB
• g835827txp9g1.jpg (GRAPHIC) — 478KB
• 0001193125-24-119707.txt ( ) — 5005KB

From the Filing

DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by a party other than the Registrant Filed by the Registrant CHECK THE APPROPRIATE BOX: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under Sec.240.14a-12 RenaissanceRe Holdings Ltd. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) PAYMENT OF FILING FEE (CHECK ALL BOXES THAT APPLY): No fee required Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 2024 Annual Meeting Shareholder Presentation Board of Directors Voting Recommendations Our Board seeks your support at our 2024 Annual General Meeting of Shareholders to be held on May 13, 2024 1 E Election of Three Class II Director Nominees We recommend FOR our highly qualified nominees, who have extensive experience, education and diverse personal skills that contribute to their effectiveness as Board members 2 Advisory Vote on the Compensation of our Named Executive Officers We recommend FOR our executive compensation program which is designed to support RenaissanceRe's long-term strategy and risk management, align the interests of our shareholders and executives, and encourage operational and financial consistency over market cycles and through earnings volatility inherent to our industry. Performance recognition awards granted in support of our acquisition of Validus have rigorous performance goals, are distinct from our annual program and serve the purpose of: Incentivizing future outperformance and driving shareholder value Supporting leadership continuity and retention amidst the transformative Validus acquisition Recognizing the significant additional managerial and oversight responsibilities necessary from our CEO to maximize the value of the Validus acquisition 3 Approval of the Appointment of PricewaterhouseCoopers Ltd. As Auditor We recommend FOR the approval of the appointment of PricewaterhouseCoopers Ltd., who has served as our auditor since 2022 RenaissanceRe.com | pg. 2 Strategic, Operational and Financial Highlights We delivered strong strategic, operational and financial returns in 2023, enhanced by the acquisition of Validus, which positions us to create enduring shareholder value moving forward 2023 HIGHLIGHTS 2023 results demonstrate strong performance over time, through challenging market conditions November 2023 Validus Acquisition Gained access to an attractive portfolio that complements Since Mr. O'Donnell was named CEO in 2013, we have our existing business mix transformed into a global leader in the P&C reinsurance space Immediately accretive to book value per share and return on Mr. O'Donnell spearheaded three successful acquisitions over average common equity his tenure that are driving RenaissanceRe's long-term strategy Increased contributions from diversified earnings streams into its next stage of growth across Three Drivers of Profit Advances our strategy to be a leading Global Property & Casualty (P&C) Reinsurer $250 Capital fully deployed on day 1, and Validus underwriting portfolio integrated into our risk management system soon $225 afterwards, diminishing execution risk $200 $175 Strong Operational Performance Net Income Available to Common Shareholders of $2.5 billion $150 and Operating Income Available to Common Shareholders of (1) $125 $1.8 billion Return on Average Common Equity of 40.5% and Operating $100 (1) Return on Average Common Equity of 29.3% $75 Change in Book Value per Common Share plus Change in $192 Accumulated Dividends of 59.3% $123 $141 $161 $156 $122 $115 $118 $50 $104 $125 $93 $25 Underwriting Accomplishments $0 Underwriting Income of $1.6 billion 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Gross Premiums Written of $8.9 billion (1) Book Value per Common Share Plus Dividend Adjusted Total Shareholder Return Combined Ratio of 77.9% Accumulated Dividends RenaissanceRe.com | pg. 3 (1) Operating income available to common shareholders and operating return on average common equity are non-GAAP financial measures. A reconciliation of non-GAAP financial measures is included in Appendix A below. (2) Total shareholder return is dividend adjusted and measured from January 2, 2013 through December 29, 2023. Source: S&P Capital IQ database. Proposal 1: Board of Directors Our Board brings a wide range of professional experience and diverse perspectives which contribute to their active oversight of strategy to serve the long-term interests of shareholders Director Nominees Committed to Diversity Brian G. J. Gray Duncan P. Hennes Kevin J. O'Donnell Rigorous di

View Full Filing

View this DEFA14A filing on SEC EDGAR