RenaissanceRe Adds To Glencoe's Capital
NU Online News Service, Jan. 7, 1:28 p.m.EST?RenaissanceRe Holdings Ltd. of Pembroke, Bermuda saidit is beefing up Glencoe Insurance Ltd. with a new chief operatingofficer and an additional $100 million in capital, bringing totalcapitalization of the subsidiary firm to $200 million.
The capital increase follows $34 million in capital thatRenaissanceRe added to the property insurer in September 2001following the terrorist attacks that month.
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