Insight and Intelligence on the London & International Insurance Markets 19 Feb 2018

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RenRe raises more than $1bn at managed vehicles

  • Sophia Geraghty 6 February 2018
  • RenaissanceRe's third-party capital platforms have engaged in substantial fundraising following hurricanes Harvey, Irma and Maria, the carrier revealed in its Q4 results.

    President and CEO Kevin O'Donnell said the company had raised more than $1bn across its various managed vehicles.

    The fundraising kicked off in late September with an equity issue at DaVinci Re.

    The DaVinci Re equity raise totalled $248.6mn, including RenRe's investment, and closed on 1 October, the carrier said in its fourth quarter results announcement.

    RenRe sold...

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