Bermudian-based re/insurance provider RenaissanceRe Holdings Ltd has announced the promotion of Matthew Neuber to the position of corporate treasurer, subject to approval by the Bermuda Department of Immigration.

If approved, Mr Neuber will report to Robert Qutub, the organisation’s chief financial officer. At the time of promotion, Mr Neuber held the position of senior vice-president, ventures and corporate finance.

Mr Neuber is to succeed Aditya Dutt, president of Renaissance Underwriting Managers, Ltd and senior vice-president, ventures. Mr Dutt will continue to have responsibility for managing RenaissanceRe’s ventures business, corporate development and mergers and acquisitions, the company said.

Mr Qutub said: “Matthew is a talented executive who has worked closely with Aditya since joining the company in 2014. His appointment as corporate treasurer is a natural extension of his responsibilities and one for which he is well qualified. He has deep knowledge of our capital structure and strong background in corporate finance, which will help us to manage our increasingly global organisation.”

Kevin O’Donnell, chief executive officer of RenaissanceRe, said: “Since he assumed the responsibility of corporate treasurer in 2017, Aditya has advanced our treasury capabilities significantly. As a vital member of our executive team, he will continue growing our industry-leading ventures business and leading corporate development for the company.”

Mr Neuber joined RenaissanceRe’s ventures unit in 2014. Since joining RenaissanceRe, he has been instrumental in several initiatives across strategic investments, joint ventures and corporate mergers and acquisitions, the company said.