Upsilon Reinsurance II

Bermuda-based reinsurance and third-party capital management specialists RenaissanceRe has revealed a renaming of the firms Upsilon retrocessional reinsurance sidecar for 2014, changing it to Upsilon Reinsurance Fund Opportunities Ltd.

Bermuda based reinsurer RenaissanceRe has announced the formation and launch of a new Bermuda domiciled special purpose insurer sidecar vehicle called Upsilon Reinsurance II Ltd. The new venture has been formed to take advantage of the renewals by creating additional capacity for the worldwide aggregate retrocessional reinsurance market.