RenaissanceRe Medici Fund Ltd.

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RenRe’s third-party capital fee income soars as assets continue to rise

Bermuda-based reinsurance firm and third-party capital management specialist RenaissanceRe has benefited from significantly higher fee income earned through its various third-party capital management and ILS fund activities in 2019.Management fees soared for RenaissanceRe (RenRe) in 2019, as its third-party capital assets under management increased significantly across the range of joint-venture read the full article →

RenRe raised $925m for ILS vehicles in Q4 and at Jan 2020 renewals

Bermuda-headquartered global reinsurance firm and third-party capital manager RenaissanceRe has revealed that it raised an impressive more than $925 million for its insurance-linked securities (ILS) and joint-venture vehicles Upsilon, Medici and Vermeer in recent months.The information comes as RenaissainceRe (RenRe) reported results that fell slightly below analysts expectations, on the 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 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 →

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 →

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 →

RenaissanceRe maintains discipline, grows ILS & third-party assets managed

Bermuda-based reinsurer and third-party reinsurance capital management specialist RenaissanceRe has maintained its disciplined approach to the challenging reinsurance market, pulling back on catastrophe business, while growing other lines.RenaissanceRe has been pulling back from the areas of the reinsurance market which have seen prices softening and terms expanding most dramatically, which read the full article →

RenRe expanding Upsilon sidecar to capture retro opportunities

Bermudian reinsurer RenaissanceRe is working to expand its activities in the retrocession space through the renewal and expansion of its Upsilon Reinsurance sidecar series, as it attempts to capture what it sees as attractive opportunities in the retro reinsurance market.During the reinsurers third-quarter earnings call, President and CEO Kevin O'Donnell read the full article →

RenRe positioned to weather competition from alternative capital: Moody’s

RenaissanceRe, the Bermuda-based property catastrophe reinsurance firm, stands better positioned than many of its competitors to weather the increasing competition from alternative sources of reinsurance capital, according to rating agency Moody's Investors Service.This comment was made as Moody's affirmed the ratings of RenaissanceRe Holdings Ltd. and the reinsurers joint-venture subsidiary read the full article →