DaVinci Re

DaVinci Reinsurance Ltd. (DaVinciRe), perhaps the best-known of the RenaissanceRe reinsurance joint-venture vehicles, is set to benefit from its access to risk through its parent, as well as higher rates on both sides of its business, according to rating agency Moody’s.

Bermudian reinsurance firm and third-party reinsurance capital manager RenaissanceRe put out a warning that it expects the California wildfires to result in a financial impact to the firm that will be “significant and could be material” which could suggest some of its third-party capital vehicles may also be exposed.

In the second-quarter of 2017 Bermuda domiciled reinsurance firm RenaissanceRe (RenRe) resumed its pull-back on catastrophe reinsurance underwriting, with lower catastrophe and managed catastrophe premiums written, but profitability improved including for its third-party capitalised sidecar vehicle, DaVinciRe.

Bermuda domiciled reinsurer RenaissanceRe (RenRe) has reported growth in its managed catastrophe premiums in the first-quarter of 2017, to $426.8 million, although its net income was negatively impacted by a decline in the profitability of its third-party sidecar vehicle, DaVinci Re.

Bermudian reinsurer RenaissanceRe (RenRe) has reported a reduction in managed catastrophe premiums during the fourth-quarter and full-year, 2016, and also revealed that it took in more capital for its Upsilon funds in the period.

Bermudian reinsurer and third-party capital management specialist RenaissanceRe reported a 14.8% decline in managed catastrophe premiums in the third-quarter, year-on-year, totalling $76.9 million.

Chris Parry, previously an ILS, reinsurance capital markets and catastrophe bond specialist at Aon Securities, has begun his new role as a Managing Director in Bermudian reinsurer RenaissanceRe’s Ventures unit.

Bermuda-based reinsurance firm RenaissanceRe’s (RenRe) third-party backed rated sidecar vehicle, DaVinci Re, was profitable again in the second-quarter, despite increased catastrophe losses, underlining the important role third-party capital continues to play in the firm’s multiple balance-sheet strategy.

Bermuda domiciled reinsurance firm and third-party or ILS capital manager RenaissanceRe (RenRe) saw a decline in its catastrophe premiums written during the first-quarter of 2016, but its third-party backed rated sidecar DaVinci Re profited from lower catastrophe experience and it added third-party capital.

Bermudian reinsurance company and third-party capital management specialist RenaissanceRe increased the managed catastrophe premiums it underwrote during the fourth-quarter of 2015, year-on-year, and also looks to have raised some new capital from third-party investors.