Renaissancere Holdings Ltd. · NYSE:RNR
Renaissancere — Investor Presentation (February 2008)
27 slides from Renaissancere's investor presentation, Feb 11, 2008
Slide 1: RenaissanceRe Holdings Ltd. Investor Presentation
Exhibit 99.2 RenaissanceRe Holdings Ltd. Investor Presentation February 2008
Slide 2: Table of Contents
Table of Contents Consistent Strategy Identifying Opportunities Leveraging Our Franchise Enterprise Risk Management Hurricane Risk Mitigation Well-Positioned for the Future
Slide 3: Our focus and strategy remain the same
Our focus and strategy remain the same We focus on four key business areas: Property Cat Reinsurance Specialty Reinsurance Individual Risk Joint Ventures and Strategic Investments Four core strategies are key to our success: Superior risk selection – underwriting discipline, proprietary tools, risk
Slide 4: Key Competitive Advantages
Key Competitive Advantages Discipline - Disciplined underwriter with proven track record in hard and soft markets; history of identifying market inefficiencies Talent & Culture - Experienced management team; risk management culture; shared strategic vision Use Of Technology – Proprietary models to a
Slide 5: Table of Contents
Table of Contents Consistent Strategy Identifying Opportunities Leveraging Our Franchise Enterprise Risk Management Hurricane Risk Mitigation Well-Positioned for the Future
Slide 6: While our strategy will remain consistent, our business focus will evolve
While our strategy will remain consistent, our business focus will evolve We operate today with the same culture and principles as when the company was formed By staying disciplined and focused we have been able to leverage our approach to build a more diversified business model We will continue to
Slide 7: We screen new opportunities with a consistent framework
We screen new opportunities with a consistent framework We look for new business opportunities that meet our return hurdles and fit our business model. 7
Slide 8: We've used this approach to grow from a Cat company to four successful business units
We’ve used this approach to grow from a Cat company to four successful business units Gross written managed premium 2,500 RenRe Cat RenRe Specialty 2,000 Joint Venture Individual Risk 1,500 1,000 500 0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 *2008 proj. Projected as of Q1 Information
Slide 9: Table of Contents
Table of Contents Consistent Strategy Identifying Opportunities Leveraging Our Franchise Enterprise Risk Management Hurricane Risk Mitigation Well-Positioned for the Future
Slide 10: We are leveraging off of our market-leading franchise in Property Cat
We are leveraging off of our market-leading franchise in Property Cat RNR delivers value RNR gets preferred status • Consistent pricing • Normal “open market” position • Quick response • Plus preferred signings on open market transactions • Customized products • Plus private market transactions • Ca
Slide 11: Since 2001, we've built a more diversified Specialty portfolio
Since 2001, we’ve built a more diversified Specialty portfolio while remaining disciplined in 2007’s softening market 2001 Specialty Premium 2005 Specialty Premium 2007 Specialty Premium $77 million $427 million $287 million 19% 7% 14% 32% 13% 26% 33% 43% 19% 8% 41% 7% 15% 11% 12% 11
Slide 12: Individual Risk premium has grown significantly since 2004
Individual Risk premium has grown significantly since 2004, yet we remained disciplined in 2007’s softening market Individual Risk Gross Written Premium by Major Type of Business Commercial Property $800 Personal Lines Property $700 Commercial Multi -Lines $600 $500 $400 $300 $200 $100 $0 2004 2005
Slide 13: Individual Risk is selectively focused with a small group of partners
Individual Risk is selectively focused with a small group of partners Our Individual Risk Unit is focused on high-margin primary insurance and quota share reinsurance where we evaluate the “Individual Risk” (i.e. underwriting policies as distinguished from portfolios) We partner with other insurance
Slide 14: Ventures has developed three areas of competence
Ventures has developed three areas of competence 1) Property Cat Joint Ventures 2) Strategic Investments 3) Customized Reinsurance • Leveraging RenRe’s • Strategic investments to • Custom packaging capabilities and reputation capitalize upon market and selling of risk as the leading Property Cat dis
Slide 15: The period following the 2004 and 2005 storms highlighted the importance of Ventures' role
The period following the 2004 and 2005 storms highlighted the importance of Ventures’ role within RenaissanceRe In 2006 and 2007 we executed four significant capital raises to bring capacity to our clients Our joint venture track record since 1999 demonstrates RenaissanceRe’s ability to add value =
Slide 16: Table of Contents
Table of Contents Consistent Strategy Identifying Opportunities Leveraging Our Franchise Enterprise Risk Management Hurricane Risk Mitigation Well-Positioned for the Future
Slide 17: Why bother with ERM?
Why bother with ERM? Good risk management can provide a significant competitive advantage Avoiding surprises allows you to take better advantage of the opportunities created by dislocated markets Communicating accurate expectations maintains your credibility with your key stakeholders Disciplined me
Slide 18: What does good ERM look like?
What does good ERM look like? Corporate culture that embraces the goals of risk management Expertise and tools to assess and evaluate risk-reward decisions Robust systems and frameworks to measure and monitor the aggregation of risk Defined tolerance for acceptable levels of risk; processes to avoid
Slide 19: Risk management is more than modeling
Risk management is more than modeling – management expertise and corporate culture are critical Superior Risk Management REMS© Management Avoid Computer Procedures Surprises System and Culture Clean database Highly talented User friendly individuals system Underwriters Multiple vendor understand mod
Slide 20: Table of Contents
Table of Contents Consistent Strategy Identifying Opportunities Leveraging Our Franchise Enterprise Risk Management Hurricane Risk Mitigation Well-Positioned for the Future
Slide 21: Hurricane risk mitigation - Quantifying, managing catastrophic risk
Hurricane risk mitigation - Quantifying, managing catastrophic risk RenaissanceRe has been investigating the damage patterns and economic impact of catastrophic storms for many years. By contributing to hurricane risk mitigation efforts, we are seeking to: – Increase the resiliency of storm-exposed
Slide 22: RenaissanceRe Wall of Wind – A positive force for change
RenaissanceRe Wall of Wind– A positive force for change 22
Slide 23: Table of Contents
Table of Contents Consistent Strategy Identifying Opportunities Leveraging Our Franchise Enterprise Risk Management Hurricane Risk Mitigation Well-Positioned for the Future
Slide 24: Our goal remains long-term growth in tangible book value per share plus accumulated dividends
Our goal remains long-term growth in tangible book value per share plus accumulated dividends Tangible book value per share plus accumulated dividends has grown at an annualized rate of 17.5% from 1998 through 2007 – driven by a track record of strong Operating ROE While the 2004 and 2005 results we
Slide 25: RenaissanceRe is well-positioned
RenaissanceRe is well-positioned th As we approach our 15 anniversary, our balance sheet and capital base are strong - our capital position is stronger than at any point in our history Our organization has been strengthened with new talent, bringing unprecedented breadth of expertise Our distinctive
Slide 26: Safe Harbour Statement
Safe Harbour Statement Cautionary Statementunder "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 27: RenaissanceRe Holdings Ltd.
RenaissanceRe Holdings Ltd. Renaissance House 8 – 20 East Broadway Pembroke, HM 19 Bermuda Tel: (441) 295-4513 www.renre.com
Renaissancere Holdings — Investor Presentation (February 2008) on 6ix