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

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RenRe’s Upsilon raises $600.5mn post-HIM

  • Lucy Jones 1 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.

    On 1 January, the Upsilon retro vehicle issued $600.5mn of shares to investors, including $75.0mn to RenRe. This followed a $46.5mn share issue on 1 October.

    The results also stated that DaVinci Re completed an $248.6mn equity raise from third-party investors and RenRe on 1 October.

    Additionally, RenRe sold $49.7mn of its shares in DaVinci Re to third-party...

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