The Bermudian reinsurer said both appointments are effective January 1, 2023.
As group CUO, Marra will join RenRe’s governance committee and oversee the firm’s underwriting strategy, including risk appetite and business development.
Curtis will oversee the company's overall portfolio strategy, including risk tolerance, optimization, underwriting capital deployment, and claims operations.
Marra has worked at RenRe since 2008 and currently serves as casualty and specialty CUO and president of US reinsurance.
Curtis has served at the Bermudian carrier since 1999 in various positions, including group CUO.
In a statement, RenRe president and CEO Kevin O’Donnell said: “We believe we are entering one of the most attractive markets in decades.”
“The appointment of two of our most seasoned leaders to these crucial roles positions us to capitalize on market opportunities and optimize our gross-to-net strategy across underwriting cycles.”
“In his 15 years at RenaissanceRe, David has grown our casualty and specialty business into an industry-leading franchise and built our US platform from the ground up.”
“Ross is one of our most seasoned executives, and his underwriting expertise, combined with his deep understanding of our Integrated System, will ensure we remain at the forefront of portfolio construction and capital efficiency as we execute into this attractive market,” he added.
The appointments come in a moment of pressure for the company as a result of its decision to pursue the outlier strategy of focusing solely on reinsurance, as this publication has recently discussed.
The company on November 1 announced that its Q3 combined ratio had fallen 6.4 points to 138.7% despite losses from Hurricane Ian and other natural catastrophes.
