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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 →

RenRe’s third-party capital fee income soared 27% in 2020

RenaissanceRe, the Bermuda-based reinsurance firm and third-party capital management specialist, saw a 27% increase in fee income earned from its third-party capitalised and managed joint-ventures and insurance-linked securities (ILS) funds, with growing capital under management and performance in the final-quarter seemingly key drivers. RenaissanceRe (RenRe) revealed it had raised fresh capital read the full article →

RenaissanceRe Capital Partners formed with Parry as Global Head

RenaissanceRe, the Bermuda-based reinsurance firm and third-party capital management specialist, has announced a rebranding of its Ventures business as RenaissanceRe Capital Partners, with Chris Parry taking the lead role as its Global Head. Ventures had been the unit under which RenaissanceRe's (RenRe) third-party capital, joint venture and insurance-linked securities (ILS) investment read the full article →

RenRe lifts third-party AuM to $6.4bn, as Upsilon surges to new high

RenaissanceRe, the Bermuda headquartered global reinsurance company, has lifted its third-party capital assets under management to a new high of $6.4 billion as of January 1st 2021. The increase in third-party capital under management in RenaissanceRe's range of insurance-linked securities (ILS) and joint-venture structures was largely due to additional capital being read the full article →

RenRe returned some capital to Upsilon investors at 1/1: CEO O’Donnell

RenaissanceRe, the Bermuda-based reinsurance firm and third-party capital management specialist, held true to its forecast and returned some capital from its Upsilon collateralized reinsurance and retrocession vehicle to investors around the renewals, underwriting a slightly smaller portfolio for the vehicle as a result. RenaissanceRe's (RenRe) CEO Kevin O'Donnell revealed this during read the full article →