RenaissanceRe Holdings Appoints Loretta J. Mester to Board of Directors
Loretta J. Mester ● Photo Credit: RenaissanceRe Holdings Ltd.
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PEMBROKE, Bermuda, November 6, 2024 (VSNewsNetwork.com) — RenaissanceRe Holdings Ltd. (NYSE: RNR), a reinsurance and insurance provider, has appointed Loretta J. Mester as an independent director on its Board of Directors, effective November 6, 2024. Concurrently, Brian G. J. Gray, who has served on the Board since 2013, has retired from his position.
Kevin J. O’Donnell, President and CEO of RenaissanceRe, commented on Mester's appointment, stating, "On behalf of RenaissanceRe and my fellow directors, we are delighted to announce Loretta’s appointment to our Board. Loretta joins us following an exemplary career at the Federal Reserve, including a decade as President of the Federal Reserve Bank of Cleveland. Her deep understanding of macroeconomic policy, global financial systems and management of systemic risk will further RenaissanceRe’s purpose of protecting communities and enabling prosperity in an increasingly volatile world. I would also like to thank Brian for his 11 years of service on our Board. As an industry expert, Brian’s guidance has been invaluable to the Company and my fellow directors as we have expanded RenaissanceRe’s global footprint and diversified our underwriting portfolio. We are grateful to Brian for his important contributions and welcome Loretta to the Board."
James L. Gibbons, Non-Executive Chair of RenaissanceRe’s Board, also welcomed Mester: "The RenaissanceRe Board is pleased to welcome Loretta as a director. Loretta is a recognized thought leader and a seasoned executive with nearly four decades of experience setting economic policy. The Board looks forward to working with Loretta and is confident that her expertise will support us in stewarding the organization on behalf of our shareholders. We also thank Brian for his contributions to our Board, including insights as an industry leader which supported the Board in performing our oversight role during a period of rapid growth, driven in part by three highly successful acquisitions. We also thank Brian for his contributions as the Chair of the Investment and Risk Management Committee as well as his roles on the Transaction and Offerings Committees."
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Mester previously served as President and CEO of the Federal Reserve Bank of Cleveland and held the role of executive vice president and director of research at the Federal Reserve Bank of Philadelphia. Currently, she is an adjunct finance professor at the Wharton School of the University of Pennsylvania and holds a board position with The Haverford Trust Company.
Mester's academic credentials include a B.A. in mathematics and economics from Barnard College of Columbia University, along with M.A. and Ph.D. degrees in economics from Princeton University.
Learn more at www.renre.com.
Source: RenaissanceRe Holdings Ltd.
