DaVinci Re

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DaVinci “core and strategic” to RenaissanceRe’s reinsurance business: Moody’s

DaVinci Re, the joint-venture largely third-party capitalised reinsurance sidecar, is both "core and strategic" to Bermudian reinsurer RenaissanceRe's business and future, according to rating agency Moody's Investors Service.The DaVinci Re sidecar vehicle has been a growing piece of RenaissanceRe's catastrophe reinsurance business since its launch in 2001. Over time it read the full article →

RenaissanceRe maintains discipline, grows ILS & third-party assets managed

Bermuda-based reinsurer and third-party reinsurance capital management specialist RenaissanceRe has maintained its disciplined approach to the challenging reinsurance market, pulling back on catastrophe business, while growing other lines.RenaissanceRe has been pulling back from the areas of the reinsurance market which have seen prices softening and terms expanding most dramatically, which read the full article →

RenaissanceRe pulls back on catastrophe risk, DaVinci profits rise

Bermuda-based reinsurer and third-party reinsurance capital management specialist RenaissanceRe has pulled back dramatically on catastrophe premiums written as the firm showed it will do whatever is necessary to avoid underpriced business.RenaissanceRe has always said that it would not underwrite catastrophe reinsurance at any cost and the firms second quarter results read the full article →

RenRe expanding Upsilon sidecar to capture retro opportunities

Bermudian reinsurer RenaissanceRe is working to expand its activities in the retrocession space through the renewal and expansion of its Upsilon Reinsurance sidecar series, as it attempts to capture what it sees as attractive opportunities in the retro reinsurance market.During the reinsurers third-quarter earnings call, President and CEO Kevin O'Donnell read the full article →

RenRe positioned to weather competition from alternative capital: Moody’s

RenaissanceRe, the Bermuda-based property catastrophe reinsurance firm, stands better positioned than many of its competitors to weather the increasing competition from alternative sources of reinsurance capital, according to rating agency Moody's Investors Service.This comment was made as Moody's affirmed the ratings of RenaissanceRe Holdings Ltd. and the reinsurers joint-venture subsidiary read the full article →

DaVinci Re sidecar takes investment from San Antonio state pension fund

The world of insurance and reinsurance linked investment opportunities is much bigger than just the catastrophe bond and insurance-linked security funds. There are many ways to put money to work as an interested investor, from funds, to equity plays, to collateralized reinsurers to sidecars. One sidecar vehicle, Bermudian reinsurer RenaissanceRe's read the full article →

RenaissanceRe forms Timicuan Reinsurance III sidecar bringing more capacity to Florida

Bermuda based reinsurance group RenaissanceRe Holdings Ltd. have launched the latest version of their Timicuan sidecars with the announcement of the formation of Timicuan Reinsurance III Ltd. With the launch of Timicuan Re III RenaissanceRe will create additional capacity for the Florida homeowners insurance market and seek to capitalise on read the full article →

Renaissance Re raises additional $100m capital for DaVinciRe

Capital raising by Bermudian reinsurers has been in the news frequently over the past few weeks as they seek to raise capital and capacity to take advantage of a capacity squeeze after the disastrous start to the year and capitalise on the possibility of rising rates. Renaissance Re have become read the full article →