TimeSquare urges RenaissanceRe board to review strategic alternatives
TimesSquare Capital Management, an institutional asset management firm with a significant stake in RenaissanceRe Holdings, announced that it has delivered the following letter to the Company's Board of Directors: "We trust that you and the Board have given serious consideration to the perspectives raised in our letter that was sent on September 7, 2018. We have decided to publicly release this earlier letter in order to outline our views for shareholders and to ensure that our thoughts on maximizing shareholder value are as explicit as possible. We remain steadfast in our belief that an immediate review of strategic alternatives, including an exploration of a potential sale of the Company, is imperative. As always, we appreciate your willingness to engage in dialogue with us and look forward to the efforts of the Board and management to further evaluate pathways to unlock value for the benefit of shareholders."