RenaissanceRe Announces Executive Management Changes

RenaissanceRe Holdings Ltd. announced that Peter C. Durhager has decided to step down as executive vice president and chief administrative officer, and that Jeffrey D. Kelly, the company’s executive vice president and chief financial officer, will become chief operating officer while maintaining his current responsibilities as chief financial officer. These changes are effective on December 31, 2014.

In addition to his current responsibilities, Kelly will add the oversight of the company’s global shared services functions, which includes human resources and organizational development, marketing, operations, information technology and administration.

Prior to joining RenaissanceRe as executive vice president and chief financial officer, Kelly served as chief financial officer of National City Corporation, a position he held from 2000 until his retirement in 2008, and was named vice chairman of the company in 2004. Kelly serves as a member of the board of directors of The Progressive Corporation.

He earned a Bachelor’s degree in Business Administration from Ohio State University and a Master’s degree in Economics from the University of Akron.

“Our entire team is grateful to Peter for all he has accomplished over his more than ten years at RenaissanceRe. He has continually raised the bar on our operations functions and systems, which I believe are now key competitive advantages for our company,” said Kevin O’Donnell, chief executive officer.

“We are pleased that Peter has agreed to serve in an advisory capacity at RenaissanceRe into the next year, even as he focuses on his family, his intense involvement in the economic development of Bermuda, his corporate directorships and other pursuits,” O’Donnell continued.

Source: RenaissanceRe Holdings Ltd.