RenaissanceRe Holdings Purchases CMS

RenaissanceRe Holdings Ltd. announced that its indirect wholly-owned subsidiary, Glencoe Group Claims Management Inc., has acquired the assets of Claims Management Services Inc. (CMS), a privately-held provider of claims administration, adjustment and consulting services. Based in Roswell, Ga., CMS has provided third party administrative services to the insurance company subsidiaries of Glencoe Group Holdings Ltd., RenaissanceRe’s Individual Risk unit, on an outsourced basis since 2005. Terms of the transaction were not disclosed. As a result of the transaction, approximately 50 CMS employees have joined the Glencoe Group. Companies in the Glencoe Group comprise RenaissanceRe’s individual risk underwriting operations, and include Glencoe Insurance Ltd., Lantana Insurance Ltd., Stonington Insurance Company and Stonington Lloyds Insurance Company. For more information, visit www.glengrp.com.