The Artemis Catastrophe Bond and Insurance-linked Securities Deal Directory aims to provide a one-stop resource for information on every cat bond and ILS transaction we hold information on. The content of this Deal Directory is provided as is and there will be some omissions. Help us to keep these cat bond and ILS transaction summaries up to date by contacting us if you see an error or omission that you can correct.
Upsilon Reinsurance sidecar snapshot
- Reinsurance sidecar: Upsilon Reinsurance
- Sponsor: RenaissanceRe
- Launched: January 2014
- Latest size: ?
Upsilon Reinsurance sidecar details
The Upsilon Reinsurance Fund Opportunities Ltd. (Upsilon Reinsurance sidecar, or Upsilon RFO) was launched in January 2014 by Bermudian reinsurance and third-party capital management specialists, RenaissanceRe (RenRe). The fully-collateralized reinsurance sidecar is a Bermuda domiciled special purpose insurance vehicle, enabling RenRe to leverage its own capital, as well as any raised from third-party institutional investors, in underwriting property catastrophe retrocessional reinsurance business.
The total capitalisation of the Upsilon Reinsurance sidecar was not disclosed by RenRe, although the reinsurer did note earlier in the year that it wished to increase the size of its Upsilon sidecar vehicle for the January renewals.
A year prior to the launch of the Upsilon Reinsurance sidecar in January 2014, RenRe launched a $185m fully-collateralized reinsurance sidecar vehicle, Upsilon Reinsurance II Ltd.
Go back to the Artemis Collateralized Reinsurance Sidecar Directory.