RenaissanceRe Holdings has announced a consolidation of its global underwriting organization. Kevin O'Donnell, senior vice president of RenaissanceRe and president of the company’s reinsurance operations, has been promoted to executive vice president and global chief underwriting officer, with responsibility for RenRe’s reinsurance and insurance underwriting businesses.

The company has also announced that John Nichols, Jr., who has served as executive vice president of RenaissanceRe and most recently as president of RenaissanceRe Ventures, and William Ashley, president, CEO and chief underwriting officer of the company’s insurance operations have announced their retirement from the company.

Within the Reinsurance segment, Ross Curtis, and Jon Paradine, each senior vice presidents and having served with the RenaissanceRe Holdings for over ten years, will be promoted to chief underwriting officer of European operations and chief underwriting officer of Renaissance Reinsurance, respectively.

According to RenaissanceRe Holdings, Mr Nichols, who will retire in June, will now commence the transition of his responsibilities to senior vice president Aditya Dutt. As head of RenaissanceRe Ventures, Mr Dutt will have ongoing responsibilities for joint ventures and venture capital and will also assume responsibility for RenRe Energy Advisers.

Neill Currie, CEO of RenaissanceRe, said: “With this reorganization, we are assuring that the underwriting excellence that has been the foundation of RenaissanceRe’s success since its inception continues to be applied consistently as we grow our global business.

“Kevin O’Donnell has been part of the fabric of RenRe for most of its 16-year history, demonstrating his talent and expertise in building and managing strong, disciplined underwriting organizations. Since assuming his most recent role as head of both Property Catastrophe Reinsurance and Specialty Reinsurance, he has succeeded in building top-tier underwriting teams in both Bermuda and London.”