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Aditya Dutt departs RenRe. O’Donnell assumes Ventures responsibility

The leader of RenaissanceRe's third-party reinsurance capital and joint-venture focused Ventures business Aditya Dutt is set to leave the firm for a new opportunity, with CEO Kevin O’Donnell to assume control of the unit. RenaissanceRe (RenRe), the Bermuda-headquartered reinsurance company and third-party capital manager with over $10 billion of committed capital read the full article →

Third-party capital raising hit $2.2bn for RenRe in just over one-year

While overall insurance-linked securities (ILS) and third-party reinsurance capital has shrunk slightly over the last year or so, reinsurer RenaissanceRe bucked the trend and raised around $2.2 billion from investors in just over one-year. Raising capital has not been the priority for many in the ILS market in recent times, as read the full article →

Substantial amounts of collateral to be trapped at year-end: RenRe CEO

Renaissance Re, the Bermuda-based reinsurance underwriter and manager of increasing amounts of third-party capital, believes that Covid-19 uncertainty means "substantial amounts of collateral will be trapped" at the end of 2020, the firms CEO Kevin O'Donnell has said. Trapping of collateral has always been expected, given the uncertainty over potential losses read the full article →

RenRe’s third-party capital fees rise as inflows continue, investor distributions grow

Bermuda-based reinsurance firm and third-party capital management specialist RenaissanceRe has again reported a rise in the amount of fee income earned through its various third-party capital management and ILS fund activities, also paying out more in distributions to investors as well. RenaissanceRe (RenRe) entered the first-quarter of 2020 with a significantly read the full article →

RenRe’s third-party capital fee income soars as assets continue to rise

Bermuda-based reinsurance firm and third-party capital management specialist RenaissanceRe has benefited from significantly higher fee income earned through its various third-party capital management and ILS fund activities in 2019. Management fees soared for RenaissanceRe (RenRe) in 2019, as its third-party capital assets under management increased significantly across the range of joint-venture read the full article →

RenRe raised $925m for ILS vehicles in Q4 and at Jan 2020 renewals

Bermuda-headquartered global reinsurance firm and third-party capital manager RenaissanceRe has revealed that it raised an impressive more than $925 million for its insurance-linked securities (ILS) and joint-venture vehicles Upsilon, Medici and Vermeer in recent months. The information comes as RenaissainceRe (RenRe) reported results that fell slightly below analysts expectations, on the read the full article →

First Langhorne Re transaction still elusive for RGA, but pipeline building

While a first transaction remains elusive, the pipeline of potential deals that Reinsurance Group of America (RGA) sees as relevant to its joint-venture, third-party capital backed life and annuity reinsurance firm Langhorne Re continues to build and also expand. Reinsurance Group of America (RGA) launched Langhorne Re alongside joint-venture partner RenaissanceRe read the full article →

RGA patiently waiting for first Langhorne Re deal: Manning

Reinsurance Group of America (RGA) is waiting patiently to execute its first transaction using the joint-venture, third-party capital backed life and annuity reinsurance firm Langhorne Re and has got close, but a first deal still eludes the company. Reinsurance Group of America (RGA) started Langhorne Re alongside its partner in the read the full article →

Langhorne Re hires Chief Actuary Gasaatura from AIG’s Fortitude Re

Langhorne Re, the joint-venture, third-party capital backed life and annuity reinsurance firm launched by RenaissanceRe (RenRe) and Reinsurance Group of America (RGA), has announced the hiring and appointment of a new Chief Actuary. The high-profile appointment is of Timothy Gasaatura, who becomes the Chief Actuary of Langhorne Re Bermuda. Gasaatura has been read the full article →

Langhorne Re names Marvin Pestcoe as CEO Bermuda & Exec Chair

Marvin Pestcoe has been named Executive Chair and CEO Bermuda for Langhorne Re, the joint-venture, third-party capital backed life and annuity reinsurance firm launched by RenaissanceRe (RenRe) and Reinsurance Group of America (RGA). Pestcoe joins Langhorne Re from his most recent position as Chief Risk and Actuarial Officer at reinsurance firm read the full article →