RenaissanceRe Holdings Ltd. (RenRe), a Bermuda-based reinsurer, has announced the appointment of Henry Klehm as Non-Executive Chair of the Board of Directors.
Klehm succeeds James L. Gibbons, who will continue to serve as an independent director and member of the Audit Committee.
Stephen C. Hooley has also been elected as an independent director, succeeding David C. Bushnell, who is retiring from the Board following 18 years of service.
In addition, the Board has declared a quarterly dividend of $0.41 per common share, payable on June 30, 2026, to shareholders of record on June 15, 2026.
The Board also approved a renewal of RenRe’s authorised share repurchase programme, bringing the total current authorisation to $750 million, including the remaining amount under prior authorisations.
The programme will expire once the company has repurchased the full value of the shares authorised, unless terminated earlier by the Board. Under the programme, RenRe may repurchase shares through open market purchases and privately negotiated transactions. Decisions regarding repurchases will depend on, among other things, the market price of the common shares and the company’s capital requirements.
Kevin J. O’Donnell, Chief Executive Officer, said, “I want to thank James for his exceptional leadership as Non-Executive Chair over the past decade. His guidance has been invaluable as we navigated a period of significant strategic growth and transformation. I look forward to the leadership that Henry will bring as Chair given his deep expertise in risk, compliance and corporate governance.”
“I also want to thank David for his 18 years of distinguished service across all three Board committees. His insight and judgment in finance, capital markets, risk management, operations, and investments have made a lasting impact on RenaissanceRe. At the same time, we are pleased to welcome Stephen to the Board and look forward to the perspective that he will bring from his leadership experience in technology and financial services.”
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