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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 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 completes Tokio Millennium Re acquisition

RenaissanceRe (RenRe), the Bermuda based reinsurer, third-party reinsurance capital and ILS investment manager, has now completed its $1.5 billion acquisition of Tokio Millennium Re (TMR). RenaissanceRe revealed in October 2018 that it would pursue an acquisition of the Tokio Millennium Re reinsurance operations of Japanese giant Tokio Marine Holdings. Regulatory approval for read the full article →

RenaissanceRe gets regulatory approval to acquire Tokio Millennium Re

RenaissanceRe, the Bermudian reinsurer, third-party reinsurance capital and ILS investments manager, has received approval from regulators for its $1.5 billion acquisition of Tokio Millennium Re. RenaissanceRe (RenRe) announced back last October that it would pursue an acquisition of the Tokio Millennium Re reinsurance operations of Japanese giant Tokio Marine Holdings. The acquisition, read the full article →

Upsilon fundraising sees RenRe’s third-party capital near $5bn

Fresh capital raising for 2019 in its Upsilon vehicle has taken RenaissanceRe's third-party reinsurance and insurance-linked securities (ILS) capital under management close to $5 billion. As we explained last week, at the end of 2018 RenRe's third-party capital and  insurance-linked securities (ILS) assets under management reached $4.1 billion, driven largely by read the full article →

RenRe grows third-party capital managed to $4.1 billion

Reinsurance firm and third-party capital manager RenaissanceRe grew its insurance-linked securities (ILS) assets under management (AuM) by $500 million in 2018, with much of the increase coming from its recently launched Vermeer Reinsurance Ltd. strategy as well as growth in its Upsilon vehicle. In line with analysts’ expectations, RenRe increased its read the full article →

RenRe forecast to gain more ILS market share: Analysts

Bermudian reinsurance firm and third-party capital manager RenaissanceRe is forecast to gain market share in insurance-linked securities (ILS) management by the equity analysts at Keefe, Bruyette & Woods. RenaissanceRe (RenRe) is in the process of acquiring Japanese owned reinsurance firm Tokio Millennium Re, a major transaction for the firm and one read the full article →

RenRe & Tokio Marine to provide continuity for TMR fronting partners

RenaissanceRe's CEO said that as part of the Bermudian reinsurance firm and third-party capital manager's acquisition of Tokio Millennium Re it will, alongside Tokio Marine, offer continuity to the fronting cedants and business partners for a defined period. The TMR fronting business, which sees it assisting insurance-linked securities (ILS) funds and read the full article →