RenaissanceRe Upsilon 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 expected to capitalise on retro opportunities again

RenaissanceRe, the Bermuda-headquartered global reinsurance firm and one of the biggest users of third-party capital within its business, is expected to capitalise on the retrocession market opportunity being seen this renewal season.RenaissanceRe (RenRe) has always underwritten some retrocession, both on its own balance-sheet paper and through third-party capitalised fund vehicles read the full article →

RenRe suffers underwriting loss, delivers more capital to third-party investors

Bermudian reinsurance firm RenaissanceRe reported an underwriting loss for the third-quarter of 2019 on the back of the impacts of hurricane Dorian and typhoon Jebi, but at the same time has returned significantly more capital to its third-party investors.Analysts blame the outsized return of capital to so-called noncontrolling interests as read the full article →

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 →