Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 19, 2023, RenaissanceRe Holdings Ltd. (“RenaissanceRe” or the “Company”) announced that Robin Lang will assume the role of Group Chief Risk Officer of the Company on a permanent basis on September 1, 2023, as further discussed below. In connection with this transition, Ian Branagan will be stepping down as Group Chief Risk Officer and Executive Vice President for personal reasons after a period of compassionate leave, effective September 1, 2023. Mr. Branagan’s separation from the Company is not as a result of any disagreement with the Company, its management, the Board of Directors, or any committees thereof on any matter related to the Company’s operations, policies, internal controls, or financial practices, reporting or performance, or any other matter. In connection with his termination, Mr. Branagan is expected to enter into a separation agreement with the Company under which he will receive certain benefits in accordance with the terms of his employment agreement, which is described in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on March 23, 2023 and a form of which is filed as Exhibit 10.2 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. Effective September 1, 2023, Mr. Branagan is expected to serve as a senior advisor to the Company.
Item 7.01 Regulation FD Disclosure.
On July 19, 2023, RenaissanceRe issued a press release announcing that Mr. Lang will assume the role of Group Chief Risk Officer of the Company on a permanent basis and discussing Mr. Branagan’s separation from the Company, as described above. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information contained in this Item 7.01 and Exhibit 99.1 to this Current Report on Form 8-K shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any filings made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits