Renaissancere Holdings Ltd. · NYSE:RNR
Renaissancere — Merrill Lynch Insurance Investor Conference 2009
54 slides from Renaissancere's conference presentation, Feb 23, 2009
Slide 1: RenaissanceRe Holdings Ltd. Merrill Lynch Insurance Investor Conference
RenaissanceRe Holdings Ltd. Merrill Lynch Insurance Investor Conference February 2009 Exhibit 99.2
Slide 2: Safe Harbor Statement
Safe Harbor Statement Cautionary Statement under "Safe Harbor” Provisions of the Private Securities Litigation Reform Act of 1995: Statements made in this presentation contain information about the Company's future business prospects. These statements may be considered "forward-looking." These state
Slide 3: Table of Contents
Table of Contents Holdings Overview: A Consistent Strategy Reinsurance: Market Leading Franchise Individual Risk: Building Out Our Platform Ventures: Leveraging and Expanding Our Franchise Hurricane Science: Extending Scientific Leadership Financial Profile: Strong Capital and Liquidity Position Sum
Slide 4: We have generated superior shareholder value across market cycles
We have generated superior shareholder value across market cycles Legend: Green =TBVPS; Yellow = accumulated dividends *Information concerning the reconciliation of Non-GAAP measures can be found at the beginning of this presentat ion. $0 $5 $10 $15 $20 $25 $30 $35 $40 $45 $50 1993 1994 1995 1996 19
Slide 5: Our focus remains the same
• We focus on four key business areas Our focus remains the same Property Cat Reinsurance Specialty Reinsurance Individual Risk Joint Ventures and Strategic Investments
Slide 6: Superior Risk Selection, Marketing, Capital Management, Joint Ventures
Superior Risk Selection Superior Marketing & Relationships Superior Capital Management Superior Joint Ventures
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Slide 18: Our consistent strategy provides us with important competitive advantages
Our consistent strategy provides us with important competitive advantages • Confidence to quote risks in changing environment • Long term outperformance • Normal “open market” position - Plus preferred signings on open market transactions - Plus private market transactions • Higher market share of a
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Slide 26: We screen new opportunities with a consistent framework
Credible Data/ Decision Support Tools Market Opportunity Cultural Fit We screen new opportunities with a consistent framework We look for new business opportunities that meet our return hurdles and fit our business model.
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Slide 31: Extending our industry leadership: different approaches to different cycles
Hard Market Strategies Soft Market Strategies Extending our industry leadership: different approaches to different cycles • “Pedal to the metal” in existing business • Innovate to create capacity / opportunity, working with Ventures business: - Sidecars - Parametric solutions • Maintain discipline a
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Slide 33: ea HULL
ea HULL
Slide 34: Our expansion strategy has been key to our growth
Our expansion strategy has been key to our growth 1,200 1,600 2,000 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 (proj. 1) RenRe Cat RenRe Specialty Joint Venture* Individual Risk *Information concerning the reconciliation of Non-GAAP measures and cautionary information with resp
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Slide 39: Reinsurance: Leveraging off of our market leading franchise
RNR delivers value RNR gets preferred status Reinsurance: Leveraging off of our market leading franchise Exposure based pricing that meets our portfolio return hurdles Quick response Customized products Capacity for large lines Advice on cat risk management Superior credit quality and willingness to
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Slide 41: $MM
$MM
Slide 42: Discipline requires knowing when to grow and when to shrink
Discipline requires knowing when to grow and when to shrink Market conditions matter – we decrease when conditions soften (e.g. late 1990’s and 2008), and grow when pricing improves (e.g. 2002) Specialty premium can be lumpy due to our willingness to participate on large lines; we remain disciplined
Slide 43: Individual Risk: Building out our platform
Individual Risk: Building out our platform Our focus is on high margin primary insurance and quota share reinsurance We partner with other insurance companies and program managers (intermediaries) who source the risk and provide back office support We target a small number of partners with the follo
Slide 44: Market conditions dictate writings - Individual Risk Premiums
$MM Market conditions dictate writings – we will decrease when conditions soften and grow when pricing improves Individual Risk Premiums (1) 2009 projected Individual Risk premiums are flat. These estimates were originally disclosed on the Company’s February 12, 2009 earnings call for the quarter an
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Slide 49: Extending into attractive markets and expanding our operational capabilities
Agro National Claims Management Services Extending into attractive markets and expanding our operational capabilities • Agro National: a managing general underwriter of crop insurance • We partnered with Agro National over the past four years to write multi-peril crop insurance policies • Acquisitio
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Slide 51: Hurricane Science: Extending our scientific leadership
Hurricane Science: Extending our scientific leadership through our current hurricane risk mitigation efforts StormStruck™ The Hurricane Risk Mitigation Leadership Forum series The RenaissanceRe Wall of Wind
Slide 52: Financial Profile: Strong capital and liquidity position
Financial Profile: Strong capital and liquidity position, our balance sheet and capital base remain strong $0 $1 $2 $3 $4 $5 $6 Common Preferred Funded debt Undrawn debt JV capital* * excluding $3.9 billion of capacity at Top Layer Re ** Reflects the redemption of ~$250 million of preference shares
Slide 53: RenaissanceRe is well-positioned
RenaissanceRe is well-positioned Balance sheet and capital base are strong, we are focused on managing our assets optimally Our organization is strengthened by new talent, widening our breadth of expertise Our distinctive corporate culture remains a key competitive advantage We continue to strengthe
Slide 54: RenaissanceRe Holdings Ltd. contact details
RenaissanceRe Holdings Ltd. Renaissance House 8–20 East Broadway Pembroke, HM 19 Bermuda Tel: (441) 295-4513 www.renre.com
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