RenaissanceRe Capital Partners

Bermuda based reinsurance firm and third-party capital manager RenaissanceRe has reduced its exposure to aggregate contracts this year, something that applies both to its own portfolio and to its Upsilon collateralized reinsurance and retrocession structure.

RenaissanceRe, the Bermuda-based reinsurance firm and third-party capital management specialist, raised additional funds from investors for its managed insurance-linked securities (ILS) fund strategies during the second-quarter.

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.

The decline in performance fees experienced by RenaissanceRe’s third-party reinsurance capital and insurance-linked securities (ILS) vehicles in the first-quarter of 2021 was driven by the impacts of winter storm Uri, CFO Bob Qutub said yesterday.

RenaissanceRe, the Bermuda-based reinsurance firm and third-party capital management specialist, reported that its managed insurance-linked securities (ILS) funds drove negative performance related fee income in Q1 2021, implying they were hit by the major catastrophes during the period.

RenaissanceRe Capital Partners, the newly rebranded home of third-party capital management and insurance-linked securities (ILS) at Bermuda reinsurance firm RenaissanceRe (RenRe) has hired Roger Beach from Aon, as a Senior Analyst focused on investor relations and operational due diligence.

RenaissanceRe, the Bermuda-based reinsurance firm and third-party capital management specialist, saw a 27% increase in fee income earned from its third-party capitalised and managed joint-ventures and insurance-linked securities (ILS) funds, with growing capital under management and performance in the final-quarter seemingly key drivers.

RenaissanceRe, the Bermuda-based reinsurance firm and third-party capital management specialist, has announced a rebranding of its Ventures business as RenaissanceRe Capital Partners, with Chris Parry taking the lead role as its Global Head.