RenRe raises $132m of new capital for Medici ILS and cat bond fund

RenaissanceRe, the global reinsurer and third-party reinsurance capital manager, had raised $132 million of new capital for its largely catastrophe bond focused insurance-linked securities (ILS) fund Medici through April 1st this year. RenaissanceRe (RenRe) has had a lot of success in raising new funds for its range of ILS and collateralized read the full article →

RenRe promotes Neuber to Treasurer, succeeds Dutt who maintains original focus

Bermudian reinsurance firm RenaissanceRe has promoted Matthew Neuber to the position of Corporate Treasurer, taking on the role from Aditya Dutt who remains the lead on RenRe's Ventures business (which includes much of the firms ILS activities), as well as corporate development and M&A. Matthew Neuber, already a Senior Vice President read the full article →

RenaissanceRe Ventures Dutt takes on Treasurer role in exec changes

Bermuda headquartered reinsurance group RenaissanceRe Holdings Ltd. has announced a number of senior executive changes, one of which will see the companies Ventures unit President Aditya Dutt also taking on the role of RenRe Treasurer. Aditya Dutt is President of RenaissanceRe Ventures, Ltd., the unit that manages the reinsurance firms third-party read the full article →

RenRe’s Medici ILS fund grows to $284m, Upsilon shrinks further in Q3

RenaissanceRe (RenRe) has continued to expand its Medici ILS fund offering which now has assets under management of $284 million, while its Upsilon retrocessional reinsurance focused fund continued to shrink in the third-quarter of 2016 as a response to market conditions. The Bermuda-headquartered reinsurance firm and third-party, or ILS, capital manager read the full article →

RenaissanceRe grows Medici ILS fund, shrinks Upsilon ILS fund

Bermuda headquartered reinsurance firm and third-party, or ILS, capital manager RenaissanceRe (RenRe) has adjusted the size of two of its ILS fund vehicles in recent months, growing the Medici Fund but shrinking the Upsilon Funds. The changes to the RenaissanceRe Medici Fund (Medici Fund), Upsilon Collateralized Fund and RenaissanceRe Diversified Fund 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 →

Mix of rated and third-party reinsurance capital is optimal structure: RenRe

RenaissanceRe, the Bermudian reinsurance firm, has a long history of bringing third-party capital from institutional investors and joint-venture partners into its underwriting business. The reinsurer believes that its ability to play between a rated balance sheet and third-party capital is the optimal structure for most scenarios. At the recent mid-year reinsurance read the full article →

RenaissanceRe starts managing third-party capital in its Medici ILS fund

Bermuda based reinsurance firm RenaissanceRe has begun managing third-party investor capital in its Medici insurance-linked securities (ILS) fund for the first time. The RenaissanceRe Medici Fund Ltd. has existed since 2009 but has only invested RenRe's own capital in catastrophe bonds until now. RenaissanceRe has been investing in catastrophe bonds and read the full article →