A senior resignation at Bermuda-based RenaissanceRe has prompted a reshuffle at the reinsurer.
The executive vice president and chief administrative officer of RenaissanceRe, Peter Durhager, is set to step down.
Jeffrey Kelly, the company’s executive vice president and chief financial officer (CFO), will become chief operating officer while maintaining his current responsibilities as chief financial officer.
Kelly will add to his current responsibilities oversight of the company’s global shared services functions, which includes human resources and organisational development, marketing, operations, information technology and administration.
Prior to joining RenaissanceRe, Kelly served as CFO 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.
Kevin O’Donnell, chief executive officer, said: “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. 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.
“Jeff has significantly enhanced our financial and strategic planning functions since joining us as chief financial officer in 2009, and his input and insight as a member of our executive team have contributed meaningfully to our ongoing success. We look forward to his contributions in his expanded role, as we position RenaissanceRe for future growth, innovation and success.”
RenaissanceRe, Bermuda, Peter Durhager, Jeffrey Kelly, Kevin O’Donnell