Renaissance Re news

RenaissanceRe CEO Kevin O’Donnell explained during the firm’s third-quarter earnings call today that the evolution of the insurance-linked securities capital landscape is an opportunity for the reinsurance company, while he also commented on broker facilities saying that he sees them as disintermediating smaller players in the market.

According to Kevin O’Donnell, CEO of RenaissanceRe, the reinsurer’s third-party capital and insurance-linked securities management unit, RenaissanceRe Capital Partners, is experiencing more capital interest in its collateralized vehicles than it can accommodate within its structures.

RenaissanceRe Group Chief Underwriting Officer (CUO) David Marra highlighted during the firm’s Q1 2026 earnings call, that new demand for reinsurance protection ahead of the key mid-year renewals was trending higher than the company initially projected at the January 1st renewals.

RenaissanceRe is pushing back against the idea that the January 1, 2026 renewals mark a return to pre‑hard‑market softness in property catastrophe. While prices fell at 1/1, executives from the firm stressed that the structural changes of the last two years, higher retentions and tighter terms & conditions, have been preserved, which ultimately supports risk […]

Speaking during RenaissanceRe’s Q3 2025 earnings call today, Kevin J. O’Donnell, President and Chief Executive Officer of the firm suggested that third-party capital is not likely to be the primary driver of pricing in 2026, adding that pricing in 2026 will be driven more by reinsurers’ comfort with return levels in the property catastrophe segment.

RenaissanceRe’s key position in third-party capital management and property-catastrophe reinsurance has cemented its competitive edge, according to S&P Global Ratings, which has revised the outlook on the Bermuda-based reinsurer and its subsidiaries to positive from stable.

Even before RenaissanceRe had acquired Validus from AIG, the Bermuda based reinsurer has said that “substantially all” of the AlphaCat Managers insurance-linked fund strategies were subject to redemption requests from the third-party investors backing them.

The two reinsurers established as underwriting vehicles for RenaissanceRe’s Fontana Holdings third-party capitalised casualty and specialty reinsurance focused joint venture have had their capital augmented, rating agency AM Best said also recognising the likelihood of Fontana’s reinsurers delivering profits and positive income in most periods.

RenaissanceRe, the Bermuda based reinsurance and third-party capital management specialist, has now completed its acquisition of the Validus reinsurance business from AIG, including the insurance-linked securities (ILS) unit AlphaCat.

RenaissanceRe’s acquisition of the treaty reinsurance operations of AIG, which include Validus Re, the Talbot reinsurance book, and the AlphaCat Managers ILS fund management unit, has been approved under EU Merger Regulation by the European Commission.