Hagerty to enroll in RenRe Board as MacGinnitie Steps Down

Bermuda-based totally RenaissanceRe Holdings Ltd. introduced that W. James (“Jim”) MacGinnitie, seventy six, who has served as a member of the Board on the grounds that 2000, will retire as a Director, and that William F. (“invoice”) Hagerty IV, 55, will be part of the Board, in conjunction with the employer’s Annual fashionable meeting of Shareholders in might also 2015.

Hagerty’s election is problem to the approval of the organisation’s shareholders on the Annual meeting. The announcement referred to that he “served as Tennessee’s Commissioner of economic and community improvement and as a member of the Governor’s cabinet until retiring from those positions in January 2015 to rejoin Hagerty, Peterson & corporation, LLC, a personal equity funding company at which he had previously served as a Founder and handling Director due to the fact 1996.”

RenRe’s CEO Kevin J. O’Donnell commented: “it's far a becoming time in RenaissanceRe’s strategic evolution to rejoice Jim MacGinnitie’s beneficial service to our enterprise. As past non-govt Chair of our Board of administrators and for the duration of his tenure on our board, Jim has been a valued adviser on key enterprise and enterprise problems.

“Jim has my thanks and appreciation and that of my whole control group. bill brings to our Board widespread revel in drawn from each a prominent career in public carrier and as a successful financial and commercial enterprise govt. We look ahead to drawing on his judgment and information as we keep to move our business forward.”

Ralph B. Levy, RenRe’s non-executive Chairman, echoed O’Donnell’s reward for MacGinnitie; adding that he has performed a chief function “in RenaissanceRe’s development and fulfillment over more than half of of our business enterprise’s history, along with all through his critical service as our first non-govt Chair. we're thrilled to welcome invoice, whose understanding of and achievement in each the private and non-private area will convey clean angle to the Board’s oversight of this great corporation at a time of increasing industry exchange.”