RenaissanceRe 2025 Sustainability Report A Message From Our CEO About This Report Sustainability Strategy Our Portfolio Our Partnerships Our People Our Operations Our Communities Our Governance Metrics and Performance Looking Ahead Appendix 15 Developing Innovative Risk Solutions Beyond our core underwriting portfolio, we apply our expertise and capital to develop innovative risk solutions that expand access to protection and strengthen resilience. By combining underwriting discipline, scientific insight and flexible capital structures, we help clients and communities manage climate-related risks and adapt to a changing environment. Climate-Focused Innovation We support the development of innovative insurance solutions that address the growing impacts of climate variability and environmental change. We provide underwriting capacity and expertise to solutions designed to protect businesses, vulnerable populations and natural ecosystems against weather and climate volatility. These solutions support adaptation and align with broader sustainability objectives. Parametric Solutions RenaissanceRe supports the development of parametric insurance solutions that provide rapid and transparent financial support following climate-related events. Unlike traditional indemnity-based models, parametric products pay out based on pre-defined triggers, enabling faster, more predictable recovery for affected communities. Through partnerships with multilateral and public-sector initiatives, we provide underwriting capacity and expertise to data-driven risk transfer solutions designed to accelerate recovery following climate-related disasters. In Focus: Strategic Approach Our mission is to match risk with the most efficient form of capital, deploying both our own balance sheet and third-party capital to enhance returns while maintaining discipline. SPOTLIGHT Carbon Market Innovation: Kita Partnership RenaissanceRe is one of the leading underwriters partnering with Kita, a London-based carbon insurance specialist that bridges the insurance and carbon markets. Kita offers a bespoke portfolio of carbon insurance products, protecting investors against loss of carbon credits arising from risks such as natural catastrophes, fraud, changing carbon standards and political risks. By participating as an underwriter in this emerging market, RenaissanceRe is helping to build investor confidence in carbon removal projects, a critical enabler for scaling private investment in nature-based and technology-based carbon removal solutions.