From natural hazards to emerging cross-portfolio perils like climate change, our RenaissanceRe Risk Sciences team monitors and quantifies the impact of global geophysical risks across our industry and business. We integrate this analysis into our enterprise risk management and catastrophe models, and report regularly to our Board and its committees on these risks.

We are a long-standing member of ClimateWise and serve on the ClimateWise Insurance Advisory Council and Managing Committee. Furthermore, our President and CEO, Kevin O’Donnell, currently serves as Chair of ClimateWise. We report annually against the ClimateWise principles, which are aligned to the Taskforce for Climate Related Financial Disclosure (TCFD), to help drive the industry response to climate change. In our role on the ClimateWise Insurance Advisory Council we commission high-impact research that helps regulators fully understand the nature of climate risks impacting insurance.

We are a proud sponsor and founding supporter of the US-based IBHS and their Research Center. IBHS reduces the social and economic effects of natural and man-made disasters by conducting research and advocating for improved construction, maintenance, and preparation practices.

RenaissanceRe worked closely with the Working Group on Climate Adaptation sponsored by IBHS to develop the first Climate Change Adaptation Principles, which have been signed by representatives of the property insurance industry to support the US Administration, Congress and local governments’ efforts to enact smart climate adaptation policies.

The First Street Foundation is a science and technology non-profit organization dedicated to making climate risk easy to understand and actionable for citizens, governments, and industry. They use transparent, peer-reviewed methodologies to calculate current and future climate risks facing individual properties across the United States, empowering Americans to protect themselves and their homes. We are a proud supporter of First Street Foundation's initiatives and, in addition to licensing their high-quality flood maps to further inform its view of flood risk, we are partnering with them to work on multiple projects that look at the effect of climate change on flood and other factors across the United States.

We are a founding sponsor and presenter of Bermuda's first Youth Climate Summit Bermuda. Designed to engage, involve and inspire young people aged 13 to 22 in the critical discussion of climate change, these events provide students with a unique opportunity to engage in the climate conversation on a global and local level through informative, educational, and interactive sessions. Student participants learn from global subject matter experts, leaders and youth activists in the fields of environmental conservation, sustainability and climate justice. Participants are given the opportunity to launch their own initiatives, partnering with local NGOs on a year-long, action-based volunteer project managed by a peer-elected Youth Climate Advisory Board.

We have partnered with the Bermuda Zoological Society to initiate a  pilot project to promote biodiversity and stewardship of our natural heritage by creating several sustainable micro forests. Focusing on native woodland reforestation around Bermuda and inspired by the Miyawaki urban micro-forest model, this initiative focuses on empowering individuals with little time or space to spare to contribute towards climate change mitigation by clearing invasive trees and shrubs and planting Bermuda native-compatible and endemic trees.

We were the U.S. National Wildlife Federation’s first corporate partner and have continued to be a long-time supporter of its efforts to promote scientifically sound public policy and to protect vulnerable species and habitats. In 2014, we were presented with their Award of Corporate Leadership for our ‘outstanding contribution to the creation of resilient communities’ and we continue to work closely with the National Wildlife Federation to improve mitigation techniques to lessen pollution and impact to natural habitats.

We are a supporter of SmarterSafer, a U.S.-based coalition in favor of environmentally responsible, fiscally sound approaches to natural catastrophe policy that promote public safety. The coalition believes that the U.S. Federal Government has a role to play in encouraging and helping homeowners undertake mitigation efforts to safeguard their homes against natural disasters.

We are one of the eight founding members of the Lloyd’s Disaster Risk Facility, which was launched in 2015 to address underinsurance and promote resilience in countries vulnerable to natural disasters. In collaboration with others in the Lloyd’s market, we have developed a hurricane and earthquake bond and parametric insurance coverage that provides efficient risk capital to the less developed world.