RenaissanceRe Holdings Ltd. CFO Robert Qutub sees volatility coming from the new administration in Washington, D.C., with regulatory and legislative changes over the coming months influencing how the company chooses to deploy capital.

Speaking during RenaissanceRe's Feb. 1 conference call to discuss fourth-quarter 2016 earnings, Qutub said it is too early to make decisions regarding pricing or where RenaissanceRe might write more business. The outcome of tax reform discussions, including on cross-border taxation that could affect the company and other Bermuda-based insurers, is unclear, he said.

"Too early to tell," Qutub said. "We are going to sit back and watch and still proceed to return capital over time."

Executives said that RenaissanceRe may write more business on its U.S. books if the outcome from tax reform discussions made it worthwhile to do so. The company is also expecting that growing its U.S., Lloyd's and Singapore platforms would provided added flexibility to tackle the consequences of a possible change in tax codes.