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RenRe gets new $250m Mona Lisa Re cat bond with 11% drop in price

RenaissanceRe has now secured its 67% upsized new Mona Lisa Re Ltd. (Series 2021-1) catastrophe bond transaction at $250 million in size, while the coupon has now been fixed at the lowest-end of reduced price guidance. Bermuda-headquartered global reinsurance company RenaissanceRe (RenRe) returned to the catastrophe bond market with its latest read the full article →

RenRe targets 67% larger, lower priced, $250m Mona Lisa Re cat bond

RenaissanceRe is targeting an increased issuance size for its latest catastrophe bond, with the company now seeking 67% more multi-peril reinsurance protection from the new Mona Lisa Re Ltd. (Series 2021-1) transaction, at reduced pricing compared to initial guidance. Bermuda-headquartered global reinsurance form RenaissanceRe (RenRe) brought its latest catastrophe bond transaction read the full article →

RenRe targets $150m Mona Lisa Re 2021-1 catastrophe bond

Bermuda-headquartered global reinsurer RenaissanceRe is back in the catastrophe bond market to add to its collateralized retrocession from ILS investors, with a new Mona Lisa Re Ltd. (Series 2021-1) transaction seeking $150 million or more of multi-peril protection. RenaissanceRe (RenRe) returned to the 144A catastrophe bond market in early 2020, sponsoring read the full article →

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 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 →