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Kevin J. ODonnell

President and Chief Executive Officer at RENAISSANCERE HOLDINGS
Board
Since July 2013
Age
58 years
Tenure
Joined RenaissanceRe in 1996 and held various positions including Assistant Vice President, Vice President, Senior Vice President, Executive Vice President, and Global Chief Underwriting Officer before becoming President in November 2012 and Chief Executive Officer in July 2013.

Also at RENAISSANCERE HOLDINGS

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David Marra
Executive Vice President and Group Chief Underwriting Officer
JCF
James C. Fraser
Senior Vice President and Chief Accounting Officer
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Robert Qutub
Executive Vice President and Chief Financial Officer

About

Kevin J. O'Donnell is 58 years old. Little personal information beyond his professional background is available, and details regarding his education remain undisclosed.

He began his tenure at RenaissanceRe in 1996 , progressing through multiple leadership roles such as Assistant Vice President, Vice President, Senior Vice President, Executive Vice President, and Global Chief Underwriting Officer before his promotions to President in November 2012 and Chief Executive Officer in July 2013.

In addition to his leadership at RenaissanceRe, he has served in influential industry roles including the Chair of ClimateWise since 2022, membership on the U.S. Department of the Treasury Federal Advisory Committee on Insurance from 2023, and serving as Chair for both the Global Reinsurance Forum (2018-2020) and the Association of Bermuda Insurers and Reinsurers (2017-2018).

$RNR Performance Under Kevin J. ODonnell

Past Roles

OrganizationRoleDate RangeDetails
RenaissanceRe Holdings Ltd. Global Chief Underwriting Officer N/A Held prior to becoming President & CEO
RenaissanceRe Holdings Ltd. Executive Vice President N/A Held prior to becoming President & CEO
RenaissanceRe Holdings Ltd. Senior Vice President N/A Held prior to becoming President & CEO
RenaissanceRe Holdings Ltd. Vice President N/A Held prior to becoming President & CEO
RenaissanceRe Holdings Ltd. Assistant Vice President N/A Held prior to becoming President & CEO

External Roles

OrganizationRoleDate RangeDetails
U.S. Department of the Treasury Federal Advisory Committee on Insurance Member Since 2023 N/A
ClimateWise Insurance Advisory Council Chair Since 2022 N/A

Fixed Compensation

Data from  FY 2024
Component NameAmount ($)Payment ScheduleAdditional Details
Salary1,180,000 AnnualBase Salary for 2024.
Bonus4,672,800 AnnualAnnual Incentive Bonus calculated as 225% of base salary with a 176% payout factor.
All Other Compensation670,501 AnnualTotal includes: 401(k)/Pension Matching (20,700 ), Life Insurance Premiums (5,962 ), Personal Travel (236,999 ), Housing Benefits (356,004 ), Other Benefits (50,836 ).

Performance Compensation

Data from  FY 2024

Stock Awards

MetricValue ([citation])
Threshold Shares3,929
Target Shares11,226
Maximum Shares22,452
Grant DateMarch 1, 2024
Grant Date Fair Value$2,507,327
Grant Date Stock Price$223.35
VestingCliff vest after 3 years ending December 31, 2026

*Additionally, Time-Vested Restricted Shares vest in four equal annual installments starting March 1, 2025. *

Non-Equity Incentive Plan Compensation

MetricValue ([citation])
Weight – Gross Premiums Written20%
Weight – Adjusted Operating ROE50%
Weight – Strategic Accomplishments30%
Threshold Achievement$1,008,900
Target Achievement$2,655,000
Maximum Achievement$5,310,000
Actual Payout$4,672,800
Performance Factor176%
Payment ScheduleAnnual; Determined February 2025
Grant/Approval DatesGrant Date: March 1, 2024; Approval Date: February 6, 2024

This section details the performance compensation components for 2024, covering both Stock Awards and Non-Equity Incentive Plan Compensation with relevant metrics, targets, thresholds, weights, vesting schedules, evaluation periods, and actual results.