RenaissanceRe Medici Fund Ltd.

RenaissanceRe’s CEO Kevin O’Donnell is bullish about his firm’s prospects for 2023, particularly in property catastrophe reinsurance where he expects the reset, higher rate environment will persist throughout the year.

The leadership at RenaissanceRe, the global reinsurance firm and third-party capital manager, expects fee income from the Capital Partners and related insurance-linked securities (ILS) capital management business will trend higher this year, as the unit’s scale and AuM increases.

RenaissanceRe, the global reinsurance firm and third-party capital manager,raised an additional almost $403 million of capital from third-party investors in time for the January 2023 renewal season, with the vehicles benefiting being its DaVinci Re sidecar and its catastrophe bond fund Medici.

RenaissanceRe, the Bermuda-based reinsurance firm and third-party capital management specialist, has seen a decline in its external capital under management, across joint-venture and ILS fund structures during the third-quarter, as the total fell by 5.5% to roughly $6.32 billion due to losses from hurricane Ian.

RenaissanceRe, the Bermuda-based reinsurance firm and third-party capital management specialist, has made some changes at the top, promoting David Marra to Group Chief Underwriting Officer, while Ross Curtis moves into the new role of Chief Portfolio Officer.

RenaissanceRe, the Bermuda headquartered reinsurance and third-party capital management specialist, passed on some $372.4 million of losses to investors in some of its managed reinsurance structures during the third-quarter, with hurricane Ian the main driver.

Bermuda headquartered reinsurance firm RenaissanceRe has added another hire to its third-party capital management Capital Partners team, with Preston Farrow joining as an Analyst.

Bermuda headquartered global reinsurance firm RenaissanceRe continued to expand its underwriting in the second-quarter of the year, which provided it an opportunity to share more risk with some of its third-party capital partners.

For global reinsurance firm RenaissanceRe, the Medici catastrophe bond focused investment fund strategy has been one of its sources of growth in third-party capital assets under management in recent years, a trend that continued in 2022.

RenaissanceRe, the Bermuda-based reinsurance firm and third-party capital management specialist, added almost $568 million of additional capital to its range of insurance-linked securities (ILS) structures and joint-venture vehicles during the second-quarter of the year.