RenaissanceRe Upsilon Fund Ltd.


ILS integral to the business, brings capital to big problems: RenRe CEO O’Donnell

Insurance-linked securities (ILS) are integral to the business of insurance and reinsurance and an ideal solution for bringing capital to the big problems facing society, according to RenaissanceRe CEO Kevin O'Donnell.Giving a keynote speech at the ILS Bermuda Convergence 2019 conference today, the CEO of Bermuda headquartered global reinsurance firm read the full article →

RenRe took advantage of CATCo retro capacity pull-back: CEO, O’Donnell

RenaissanceRe deployed more capacity into retrocession again at the recent mid-year reinsurance renewals, managing to provide continuity to some protection buyers that were missing the availability of Markel CATCo's retro product.As the Markel CATCo Investment Management team did not deploy any fresh capacity through its pillared retrocession product at the read the full article →

RenRe adds $700m+ third-party capital, earns bumper fee income in Q2

RenaissanceRe said that it raised over $700 million of new third-party capital from investors for its joint-venture and insurance-linked securities (ILS) vehicles in the second-quarter of 2019.At the same time, the Bermudian reinsurance firm also reported a bumper quarter of third-party capital related fee income, as the expanded size of 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 →

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 →