Our Purpose is to protect communities and enable prosperity.
Our purpose is the value we bring to the world. Through the reinsurance that we provide, we help diversify risk and make insurance more available and affordable.
At RenaissanceRe, we all have a role to play in fulfilling our purpose. The work we do makes the world a more predictable place, giving individuals the confidence to invest in their lives, businesses and communities. We are also there when communities need us the most – helping them recover and rebuild after catastrophes and significant events.
Our Vision is to be the best underwriter.
Our vision is our overarching aspiration as a company. Our focus, and a key differentiator, is superior underwriting and we aim to be a “first call” market for managing our clients’ risk.
Our vision focuses our everyday actions, guides our key decisions and long-term ambitions, and pushes us to continuously innovate and improve. In every choice at RenaissanceRe, a foundational question is “Does this further our vision of being the best underwriter?” If not, why are we considering it?
Our Mission is to match desirable risk with efficient capital.
We believe that the best underwriter most effectively matches desirable risk with efficient capital. To do this, we bring together two important stakeholder groups – our clients, who rely on us to manage their risk, and our investors, who trust us with managing their capital.
Risk is always the starting point and we have built a flexible global platform, longstanding client relationships, and innovative tools and technology to source and evaluate this risk. We then determine the best capital for the type of risk, which can be through our own balance sheets or joint venture vehicles managed by our industry-leading Capital Partners team.
Making communities more resilient.
From the beginning, we have applied our risk acumen to solve some of the most critical challenges facing society and are determined to shape a positive environment for our people and communities. We are committed to three key goals to deliver on this aim – promoting climate resilience, closing the protection gap and inducing positive social change.
Promoting Climate Resilience
We share our skills and expertise to help the world better manage climate risk. Operationally, we’ve partnered with Climate Impact Partners to provide carbon finance to support innovative projects that reduce global emissions and increase community resilience: rainforest protection in Sierra Leone, reforestation in Kenya and afforestation in Chile.
Closing the Protection Gap
We have a long track record of leadership in applying our risk expertise to increase the economic resiliency of vulnerable communities. Through thought leadership events and industry forums such as the Insurance Development Forum and Sustainable Markets Initiative, we provide sustainable risk mitigation solutions to support those most vulnerable to the impacts of climate change.
Inducing Positive Societal Change
We believe it is important to shape a positive environment for our people and communities. One way that we do this is through corporate social responsibility. Over 75% of our annual giving is employee-led, and we support colleagues in giving to causes that they care about and offer volunteer days as well as a generous employee matching program.
Discover more about our climate and sustainability efforts