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Written managed catastrophe premiums decline further for RenRe

Bermudian reinsurer RenaissanceRe (RenRe) has reported a reduction in managed catastrophe premiums during the fourth-quarter and full-year, 2016, and also revealed that it took in more capital for its Upsilon funds in the period.According to its recent financial results release, RenRe’s managed catastrophe premiums fell by roughly 47% in the 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 writes fewer managed catastrophe premiums in Q3 2016

Bermudian reinsurer and third-party capital management specialist RenaissanceRe reported a 14.8% decline in managed catastrophe premiums in the third-quarter, year-on-year, totalling $76.9 million.The Bermuda domiciled reinsurance company recently reported its third-quarter and nine-month 2016 financial results, which reveals a decline in the underwriting income of its catastrophe reinsurance segment as read the full article →

Changes at RenRe Ventures, as Parry starts Morgenstern departs

Chris Parry, previously an ILS, reinsurance capital markets and catastrophe bond specialist at Aon Securities, has begun his new role as a Managing Director in Bermudian reinsurer RenaissanceRe’s Ventures unit.Parry left Aon Securities at the end of May, after seven years at the capital markets broking unit during which time read the full article →

DaVinci Re continues to perform for investors despite catastrophe losses

Bermuda-based reinsurance firm RenaissanceRe’s (RenRe) third-party backed rated sidecar vehicle, DaVinci Re, was profitable again in the second-quarter, despite increased catastrophe losses, underlining the important role third-party capital continues to play in the firm’s multiple balance-sheet strategy.DaVinci Re, RenRe’s catastrophe reinsurance focused vehicle, reported a net income of $37.2 million 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 catastrophe premiums down, DaVinci profits up in Q1 2016

Bermuda domiciled reinsurance firm and third-party or ILS capital manager RenaissanceRe (RenRe) saw a decline in its catastrophe premiums written during the first-quarter of 2016, but its third-party backed rated sidecar DaVinci Re profited from lower catastrophe experience and it added third-party capital.RenaissanceRe operates a number of joint-ventures, third-party capital read the full article →

RenaissanceRe grows managed cat premiums, third-party capital in Q4

Bermudian reinsurance company and third-party capital management specialist RenaissanceRe increased the managed catastrophe premiums it underwrote during the fourth-quarter of 2015, year-on-year, and also looks to have raised some new capital from third-party investors.RenaissanceRe operates a number of joint-ventures, third-party capital backed reinsurance vehicles and collateralised reinsurance or ILS funds, read the full article →

RenRe committed to generating returns for third-party capital investors

Bermudian reinsurance firm and third-party capital management specialist RenaissanceRe remains committed to "generating superior returns for our shareholders and third party capital providers" as the firm reported a more stable quarter.In recent quarters RenaissanceRe has been shrinking the amount of catastrophe reinsurance premiums it had been underwriting, while at the read the full article →