Upsilon Reinsurance Fund Opportunities


Aditya Dutt departs RenRe. O’Donnell assumes Ventures responsibility

The leader of RenaissanceRe's third-party reinsurance capital and joint-venture focused Ventures business Aditya Dutt is set to leave the firm for a new opportunity, with CEO Kevin O’Donnell to assume control of the unit. RenaissanceRe (RenRe), the Bermuda-headquartered reinsurance company and third-party capital manager with over $10 billion of committed capital read the full article →

Third-party capital raising hit $2.2bn for RenRe in just over one-year

While overall insurance-linked securities (ILS) and third-party reinsurance capital has shrunk slightly over the last year or so, reinsurer RenaissanceRe bucked the trend and raised around $2.2 billion from investors in just over one-year. Raising capital has not been the priority for many in the ILS market in recent times, as read the full article →

Substantial amounts of collateral to be trapped at year-end: RenRe CEO

Renaissance Re, the Bermuda-based reinsurance underwriter and manager of increasing amounts of third-party capital, believes that Covid-19 uncertainty means "substantial amounts of collateral will be trapped" at the end of 2020, the firms CEO Kevin O'Donnell has said. Trapping of collateral has always been expected, given the uncertainty over potential losses read the full article →

RenRe’s third-party capital fees rise as inflows continue, investor distributions grow

Bermuda-based reinsurance firm and third-party capital management specialist RenaissanceRe has again reported a rise in the amount of fee income earned through its various third-party capital management and ILS fund activities, also paying out more in distributions to investors as well. RenaissanceRe (RenRe) entered the first-quarter of 2020 with a significantly read the full article →

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 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 →