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RenaissanceRe Holdings Ltd. said Friday that David E. Marra has been appointed president of Renaissance Reinsurance U.S. Inc., and Renaissance Reinsurance U.S. President and CEO Liz Mitchell will be taking an extended sabbatical.
Ms. Mitchell has been with the company since 1993.
“Liz has played a key role in RenaissanceRe’s development during the period following our acquisition of Platinum,” Kevin J. O’Donnell, president and CEO of RenaissanceRe Holdings Ltd. said in a statement. “She has facilitated a smooth transition and helped lead the integration of our strong underwriting cultures. My management team, fellow directors and I are thankful for her service and leadership. After her well-earned sabbatical, we look forward to exploring possibilities to continue our relationship in other capacities in the future.”
Previously, Pembroke, Bermuda-based Mr. Marra was senior vice president at Renaissance Reinsurance Ltd.
“We are pleased to appoint David to his new role. David has been integral to the growth, strategic positioning and profitability of our casualty and specialty reinsurance franchise,” Kevin J. O’Donnell, president and CEO of RenaissanceRe Holdings Ltd. said in the statement.
A slow hurricane season and a benign liability environment assisted RenaissanceRe Holdings Ltd. as it reported net income $75.5 million in the third quarter of 2015, an increase of 11.4% over the third quarter of 2014.