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Winter storm Uri drove performance fee decline for RenRe ILS vehicles

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. As we explained yesterday, RenaissanceRe (RenRe) reported that its managed insurance-linked securities (ILS) funds drove negative read the full article →

RenaissanceRe’s managed ILS funds hit by losses in Q1

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 (RenRe) itself fell to a net loss of $290.9 million for the read the full article →

RenaissanceRe Capital Partners hires Beach from Aon

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. Beach joined RenaissanceRe Capital Partners in February as a Senior Analyst, based read the full article →

RenRe’s third-party capital fee income soared 27% in 2020

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 (RenRe) revealed it had raised fresh capital read the full article →

RenaissanceRe Capital Partners formed with Parry as Global Head

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. Ventures had been the unit under which RenaissanceRe's (RenRe) third-party capital, joint venture and insurance-linked securities (ILS) investment read the full article →

RenRe lifts third-party AuM to $6.4bn, as Upsilon surges to new high

RenaissanceRe, the Bermuda headquartered global reinsurance company, has lifted its third-party capital assets under management to a new high of $6.4 billion as of January 1st 2021. The increase in third-party capital under management in RenaissanceRe's range of insurance-linked securities (ILS) and joint-venture structures was largely due to additional capital being read the full article →

RenRe returned some capital to Upsilon investors at 1/1: CEO O’Donnell

RenaissanceRe, the Bermuda-based reinsurance firm and third-party capital management specialist, held true to its forecast and returned some capital from its Upsilon collateralized reinsurance and retrocession vehicle to investors around the renewals, underwriting a slightly smaller portfolio for the vehicle as a result. RenaissanceRe's (RenRe) CEO Kevin O'Donnell revealed this during read the full article →

RenRe added $730m+ to third-party capital vehicles at 1/1

RenaissanceRe, the Bermuda-based reinsurance firm and third-party capital management specialist, has revealed that it raised an additional over $730 million of capital for third-party managed joint ventures and insurance-linked securities (ILS) vehicles at January 1st 2020. The company said this is on top of a healthy $1 billion of capital raised read the full article →

RenRe reports $170m cat & $175m COVID (largely property) losses in Q4

RenaissanceRe, the Bermuda headquartered specialty re/insurer and third-party reinsurance capital manager, has pre-announced an expected $345 million of losses from natural catastrophes and COVID-19 suffered during the fourth-quarter of 2020. As a result of these losses, RenaissanceRe (RenRe) says that when it announces its Q4 2020 results in the coming weeks read the full article →

RenRe’s ILS & third-party reinsurance capital vehicles hit $6.9bn

RenaissanceRe, the Bermuda headquartered global reinsurance company, had lifted the amount of assets managed within its third-party capital, joint venture and managed insurance-linked securities (ILS) fund vehicles to $6.9 billion by October 2020, with these structures now getting close to equalling the reinsurers own capital base. RenaissanceRe's $6.9 billion of insurance-linked read the full article →