Timicuan Reinsurance II

The Artemis Collateralized Reinsurance Sidecar Directory provides information on fully-collateralized reinsurance sidecar vehicles established to enable third-party investors to share in the returns of insurance or reinsurance business.

Unsure what a reinsurance sidecar is? Read our explanation here: What is a reinsurance sidecar?

Timicuan Reinsurance II sidecar snapshot

  • Reinsurance sidecar: Timicuan Reinsurance II
  • Sponsor: RenaissanceRe
  • Launched: June 2009
  • Latest size: $70m (as at June 2009)

Timicuan Reinsurance II sidecar details

RenaissanceRe Holdings Ltd. (RenRe) launched its fully-collateralized reinsurance sidecar vehicle, Timicuan Reinsurance II (Tim Re II) in June 2009, to create additional capacity for the Florida property reinsurance marketplace at the upcoming renewals. Third-party capital investors contributed the majority of the vehicles capacity, $60m, with the remaining $10m being deployed by RenRe itself.

Three years later, in June 2012, RenRe launched its fully-collateralized reinsurance sidecar vehicle, Timicuan Reinsurance III.

In June 2006 RenRe announced the establishment of its first sidecar venture under the Timicuan naming convention, the $70m Timicuan reinsurance sidecar vehicle.

Go back to the Artemis Collateralized Reinsurance Sidecar Directory.