DaVinci Re


RenaissanceRe warns on wildfires, third-party capital could be exposed

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. RenaissanceRe manages read the full article →

Catastrophe pull-back resumes at RenRe in Q2, but profitability rises

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. RenRe runs a number of joint-ventures and third-party capital backed reinsurance vehicles, collateralised reinsurance read the full article →

Q1 2017 catastrophe premiums up at RenRe, DaVinci profits decline

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. The reinsurer operates a number of joint-ventures and third-party backed read the full article →

Written managed catastrophe premiums decline further for RenRe

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. According to its recent financial results release, RenRe’s managed catastrophe premiums fell by roughly 47% in the read the full article →

RenaissanceRe writes fewer managed catastrophe premiums in Q3 2016

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. The Bermuda domiciled reinsurance company recently reported its third-quarter and nine-month 2016 financial results, which reveals a decline in the underwriting income of its catastrophe reinsurance segment as read the full article →

Changes at RenRe Ventures, as Parry starts Morgenstern departs

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. Parry left Aon Securities at the end of May, after seven years at the capital markets broking unit during which time read the full article →

DaVinci Re continues to perform for investors despite catastrophe losses

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. DaVinci Re, RenRe’s catastrophe reinsurance focused vehicle, reported a net income of $37.2 million read the full article →

RenRe catastrophe premiums down, DaVinci profits up in Q1 2016

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. RenaissanceRe operates a number of joint-ventures, third-party capital read the full article →

RenaissanceRe grows managed cat premiums, third-party capital in Q4

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. RenaissanceRe operates a number of joint-ventures, third-party capital backed reinsurance vehicles and collateralised reinsurance or ILS funds, read the full article →

RenRe uses private debt to raise capital for DaVinci Re joint-venture

Bermudian reinsurance firm RenaissanceRe is raising capital for its DaVinci Re Holdings joint-venture through a $150m debt issuance, with the proceeds set to repay a loan made by RenRe to the venture, to repurchase shares or for corporate needs. The DaVinci Re vehicle is largely third-party capitalised, but RenaissanceRe has been read the full article →