Vermeer Reinsurance Ltd

Share

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 →

PGGM added $355m to Vermeer Re investment in 2019, to hit target $1bn cap

PGGM, the Dutch pension fund investment manager and the largest investor in the insurance-linked securities (ILS) space, made good on its option to upsize its allocation to Vermeer Reinsurance Ltd., the joint-venture vehicle that is managed by RenaissanceRe, taking Vermeer's total capitalisation to over $1 billion in 2019. Vermeer Reinsurance Ltd. 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 →

Vermeer Re off to strong start, writes 40 transactions in Q1: RenRe CEO

Vermeer Reinsurance Ltd., the latest joint-venture vehicle from RenaissanceRe that is backed by Dutch pension fund manager and significant ILS investor PGGM, has got off to a strong start at the beginning of 2019. Vermeer Reinsurance Ltd. (Vermeer Re) was launched in time for the January 1st 2019 reinsurance renewals, as read the full article →

Vermeer launch helps RenRe “address more of its cedents’ concerns”

The launch of Vermeer Reinsurance Ltd. by RenaissanceRe, with the sole backing of Dutch pension fund manager and significant ILS investor PGGM, will help the reinsurer to "address more of its cedents' concerns" while bringing diversified capital to market, analysts say. The launch of Vermeer Re was announced this week and read the full article →

PGGM & RenRe partner on Vermeer Re rated property catastrophe play

Dutch pension fund manager PGGM has partnered with Bermudian reinsurer and third-party capital manager RenaissanceRe on a new risk-remote rated property catastrophe reinsurance vehicle named Vermeer Reinsurance Ltd. Vermeer Re will initially be capitalised with $600 million of funding from PGGM and the pension fund manager has an option to add read the full article →