RenaissanceRe Holdings Ltd. (RNR) said Wednesday that effective July 1, Neill Currie will retire and Kevin O'Donnell will succeed him as Chief Executive Officer and join the Board of Directors of the company.
As part of the transition, Currie will continue in an advisory capacity to the company through the conclusion of his contract in February 2014.
Ralph Levy, Chairman of the Company's Board of Directors, commented: "The Board gives Kevin our full support in his new role as CEO. He has already proven himself as an outstanding leader at RenaissanceRe and in the market. Kevin is both ready to assume his new responsibilities, and the right person for the position.
O'Donnell joined RenaissanceRe in 1996 as an International and Ceded Reinsurance underwriter and has served in positions of increasing leadership since that time. He previously served as President of RenaissanceRe Holdings Ltd. since 2012, Global Chief Underwriting Officer since 2010 and President of Renaissance Reinsurance Ltd. since 2005.
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