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RenaissanceRe Capital Partners hires Briggs as Head of Risk

RenaissanceRe Capital Partners, the third-party capital management and insurance-linked securities (ILS) unit of Bermuda-headquartered reinsurance firm RenaissanceRe (RenRe), hired Lucy Briggs as Vice President and Head of Risk earlier this year. Briggs joined the RenaissanceRe Capital Partners team from her most recent role at Willis Towers Watson in June. In the Head read the full article →

Retro funds could be 70% – 80% trapped or lost: RenRe CEO O’Donnell

Retrocessional reinsurance focused ILS investment funds and strategies could find as much as 70% to 80% of their capital trapped or lost after the challenging catastrophes of 2021, according to RenaissanceRe's CEO Kevin O'Donnell. The CEO of RenaissanceRe, the Bermuda-based reinsurance firm and third-party capital management specialist, explained that 2021 has read the full article →

RenRe’s third-party capital fee income drops on Q3 catastrophe impacts

RenaissanceRe, the Bermuda-based reinsurance firm and third-party capital management specialist, revealed that investors in its managed insurance-linked securities (ILS) fund strategies and joint-ventures took their share of catastrophe losses in the third-quarter, denting fee income from these activities during the period. Despite the significant natural catastrophe losses though, RenaissanceRe (RenRe) still read the full article →

RenaissanceRe sees significant $725m hit from catastrophes in Q3

RenaissanceRe (RenRe), the Bermuda headquartered global reinsurance firm and third-party capital management specialist, has pre-announced an expectation of $725 million of net catastrophe losses for the third-quarter of 2021, a particularly significant hit for the period. It's a figure that is even higher than RenaissanceRe had pre-announced after the third-quarter of read the full article →

RenRe’s third-party AuM flattish. Medici growth offsets Upsilon decline

RenaissanceRe (RenRe), the Bermuda headquartered global reinsurance firm, saw its third-party capital assets under management remain relatively flat at $6.4 billion over the first six months of 2021, but a change in the allocation mix reflected industry trends and investor appetite for catastrophe bonds. RenRe had reported to us that its read the full article →

RenaissanceRe reduces aggregate covers in Upsilon and own portfolio

Bermuda based reinsurance firm and third-party capital manager RenaissanceRe has reduced its exposure to aggregate contracts this year, something that applies both to its own portfolio and to its Upsilon collateralized reinsurance and retrocession structure. With 2021 starting with major losses due to severe winter weather and the polar vortex event read the full article →

RenRe raises over $200m of ILS capital in Q2, reports record fee income

RenaissanceRe, the Bermuda-based reinsurance firm and third-party capital management specialist, raised additional funds from investors for its managed insurance-linked securities (ILS) fund strategies during the second-quarter. Thanks to a more benign quarter for catastrophe losses, the performance of the managed ILS funds and other third-party capital backed joint ventures at RenaissanceRe read the full article →

Winter storm Uri drove performance fee decline for RenRe ILS vehicles

The decline in performance fees experienced by RenaissanceRe's third-party reinsurance capital and insurance-linked securities (ILS) vehicles in the first-quarter of 2021 was driven by the impacts of winter storm Uri, CFO Bob Qutub said yesterday. As we explained yesterday, RenaissanceRe (RenRe) reported that its managed insurance-linked securities (ILS) funds drove negative read the full article →

RenaissanceRe’s managed ILS funds hit by losses in Q1

RenaissanceRe, the Bermuda-based reinsurance firm and third-party capital management specialist, reported that its managed insurance-linked securities (ILS) funds drove negative performance related fee income in Q1 2021, implying they were hit by the major catastrophes during the period. RenaissanceRe (RenRe) itself fell to a net loss of $290.9 million for the read the full article →

RenaissanceRe Capital Partners hires Beach from Aon

RenaissanceRe Capital Partners, the newly rebranded home of third-party capital management and insurance-linked securities (ILS) at Bermuda reinsurance firm RenaissanceRe (RenRe) has hired Roger Beach from Aon, as a Senior Analyst focused on investor relations and operational due diligence. Beach joined RenaissanceRe Capital Partners in February as a Senior Analyst, based read the full article →