Vermeer Reinsurance Ltd

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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 →