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