NU Online News Service, Jan.11, 3:11 p.m. EST

RenaissanceRe Holdings Ltd. announced the retirement of two key executives and the promotion of Kevin J. O'Donnell to executive vice president and global chief underwriting officer.

The firm said Mr. O'Donnell, who had been serving as senior vice president of RenaissanceRe and the company's reinsurance operations, in a consolidation of operations was being given responsibility for RenRe's global reinsurance and insurance underwriting businesses, effective immediately.

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