Kevin J. O'Donnell, born in 1975, has been leading RenaissanceRe Holdings Ltd. as its CEO since 2013. He has a strong background in insurance, having joined the company in 1996 and risen through various roles, including Global Chief Underwriting Officer....

Number of Employees

925

Year

2023

Total Compensation

$9.26M

Salary

$1.18M

Board Justification

The compensation program is designed to align executive pay with long-term performance and shareholder interests, with a significant portion of pay being performance-based and at-risk.

Bonus

$4.83M

Board Justification

Annual incentive bonus based on performance metrics, paid out at 182% of target due to strong performance in 2023.

Other

$620.31K

Board Justification

Includes 401(k) matching contributions, life insurance premiums, personal travel, housing benefits, and other benefits.

Restricted Stock

$2.63M(11.55K Restricted Shares)

Board Justification

Time-vested restricted shares granted on March 1, 2023, vesting in four equal installments, with the first installment vesting on March 1, 2024.

Performance Metrics

Performance metrics include combined ratio rank versus peers, operating return on average common equity, and gross written premiums to budget.

SEC Filing

From March 26, 2024

Kevin J. O'Donnell

CEO of RenaissanceRe Holdings

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Education

Bachelor's degree from Hamilton College, MBA from Columbia University

Field of Expertise

Finance & Banking - Insurance

Born

January 1, 1967 - 58 years ago

Is Founder?

No

Current Tenure

11 years 6 months (Jul 2013 - Present)

Previous Experience

Joined RenaissanceRe in 1996, served in various roles including Global Chief Underwriting Officer.