RenaissanceRe Upsilon Fund Ltd.


RenRe may raise new third-party capital for June 1st: CEO Kevin O’Donnell

RenaissanceRe sees the potential to raise new third-party reinsurance capital for the June 1st renewals, as its view of the market particularly in retrocession suggests profitable opportunities will be available, CEO Kevin O'Donnell explained recently.O'Donnell expects growth to come from the collateralized reinsurance and retrocession vehicle Upsilon, which RenaissanceRe (RenRe) read the full article →

RenRe cedes more risk to Upsilon, earns more fee income in Q1 2019

Bermudian reinsurance firm and third-party ILS capital manager RenaissanceRe has reported that it ceded much of its growth in catastrophe business to its Upsilon vehicle in the first-quarter, while its fee income from third-party capital grew year-on-year.RenaissanceRe (RenRe) had increased its third-party reinsurance and insurance-linked securities (ILS) capital under management read the full article →

RenRe’s fee income from third-party capital hits $90m for 2018

RenaissanceRe's fee income earned from third-party capital management activities, joint-ventures, managed ILS funds and other structured reinsurance backed by capital from investors rose to $90 million for 2018.The Bermudian reinsurance firm continued to see strong profits from managing third-party capital from investors and matching it with risks it underwrites through read the full article →

RenRe & its Upsilon ILS vehicle potentially exposed to wildfire liability

RenaissanceRe could be on the hook for an enlarged share of losses from the current California wildfire outbreaks given the firm had completed two large wildfire excess casualty deals in the second and third quarters of this year, with its Upsilon vehicle taking some of the risk in the latter read the full article →

RenRe & Tokio Marine to provide continuity for TMR fronting partners

RenaissanceRe's CEO said that as part of the Bermudian reinsurance firm and third-party capital manager's acquisition of Tokio Millennium Re it will, alongside Tokio Marine, offer continuity to the fronting cedants and business partners for a defined period.The TMR fronting business, which sees it assisting insurance-linked securities (ILS) funds and read the full article →

RenaissanceRe cedes casualty risk to Upsilon for first time

Bermudian reinsurance firm RenaissanceRe has broadened the scope of its activities within the Upsilon ILS vehicle and funds, utilising it to transfer casualty risks to third-party investors for the first time recently.The Upsilon vehicle and associated ILS fund strategies is focused on both collateralized reinsurance and retrocession, but to date read the full article →

RenRe estimates $155m net impact from Q3 catastrophes

RenaissanceRe, the Bermudian reinsurer and third-party reinsurance capital manager, has announced an estimated net negative impact of $155 million from catastrophe events in the third-quarter, which suggests some of these losses will flow to investors in the firms third-party capital vehicles.RenaissanceRe (RenRe) said that its losses from third-quarter 2018 catastrophe read the full article →

RenRe’s Upsilon cat reinsurance & retro vehicle passes $1bn AuM

Bermudian reinsurer and third-party reinsurance capital management firm RenaissanceRe has continued to increase the size of its collateralized reinsurance and retrocession vehicle Upsilon, issuing another set of shares to investors during the second-quarter, increasing the overall size of the vehicle to more than $1 billion for the first time.Earlier this read the full article →

Upsilon evolves as it grows to $800m of limit for RenaissanceRe

The Upsilon strategy has evolved this year, with its book becoming more balanced between retrocession and primary reinsurance, as the collateralized reinsurance vehicle grew to $800 million of limit for owner RenaissanceRe but rates on the retro side were not sufficiently high to deploy all of the capital raised.The Upsilon read the full article →

RenaissanceRe upsizes its Upsilon retro vehicle following 2017 losses

Bermudian reinsurance firm RenaissanceRe fell to a loss for the full-year 2017 after the major catastrophe events of the third and fourth quarters, but the company took advantage of heightened investor demand for its third-party capital vehicles it seems, in particular increasing the size of its retrocessional vehicle Upsilon RFO.We'd read the full article →