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RenRe to settle Mona Lisa Re 2020 cat bond at $400m in size

RenaissanceRe, the Bermuda-headquartered global reinsurance firm and third-party capital manager, has settled for a 60% upsizing of its latest catastrophe bond, with the Mona Lisa Re Ltd. (Series 2020-1) cat bond transaction now priced at $400 million in size.The reinsurer had originally come to market with a $250 million Mona read the full article →

RenRe lifts Mona Lisa Re 2020 cat bond target by 80% to $450m

Bermuda-headquartered global reinsurance firm RenaissanceRe has raised the target size for its new Mona Lisa Re Ltd. (Series 2020-1) catastrophe bond transaction by 80%, with the issuance now aiming to secure up to $450 million of retrocession for the company.At the same time as increasing its appetite to underwrite retrocessional read the full article →

RenaissanceRe returns to cat bonds with $250m Mona Lisa Re 2020-1

Bermuda-headquartered global reinsurance firm RenaissanceRe is returning to the catastrophe bond market for the first time since 2013, with a $250 million or larger Mona Lisa Re Ltd. (Series 2020-1) transaction, a clear sign that retro market conditions are making cat bond coverage more attractive to sponsors.RenaissanceRe (RenRe) has never 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 →

RenaissanceRe’s Mona Lisa Re cat bond completes, receives broad investor support

The first broadly marketed 144A catastrophe bond from Bermuda based reinsurer RenaissanceRe has now completed successfully, providing the reinsurer with a $150m source of multi-year retrocessional U.S. hurricane and earthquake reinsurance protection. Mona Lisa Re Ltd. (Series 2013-2) has now settled, received its full rating and listed in Bermuda.While this read the full article →

RenaissanceRe’s Mona Lisa Re cat bond upsizes and prices down

Bermudian reinsurer RenaissanceRe's first broadly marketed 144A catastrophe bond, Mona Lisa Re Ltd. (Series 2013-2), has increased in size while marketing and the indicative interest spread pricing has moved to the middle of the range originally marketed. It's not the first cat bond issued by Mona Lisa Re but it read the full article →

Mona Lisa Re catastrophe bond comes to market for RenaissanceRe

Another new catastrophe bond transaction launched yesterday and this time it is a particularly interesting one as the sponsor for this cat bond is Bermuda reinsurer RenaissanceRe. This $125m deal is Mona Lisa Re Ltd. (Series 2013-2) and with this cat bond RenRe is looking to transfer some U.S. hurricane and read the full article →