RenaissanceRe Capital Partners

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We are an industry-leading manager of ILS capital, serving the needs of large institutional investors by bringing RenaissanceRe’s reputation for superior risk selection and portfolio construction to our insurance-linked strategies. Our unique hybrid model of owned and managed capital provides broad access to risk, specialized underwriting and strong governance, and promotes the alignments of our interests with those of our investors.

About Us

More than two decades ago, RenaissanceRe Capital Partners pioneered the matching of attractive insurance-linked risk with partner capital. Since then, we have expanded our offerings to encompass RenaissanceRe’s property and casualty & specialty underwriting portfolio, providing our investors with access to the broad range of uncorrelated asset classes that they seek when constructing their portfolios.

KEY CONTACT

Chris Parry

Global Head Capital Partners

+1 441 239 4931

Property and Casualty & Specialty Vehicles

6

Total Partner Capital ¹

$13.3B

Dedicated
Professionals

30+

Largest ILS
Manager ²

#1

(1) Partner capital includes RenaissanceRe’s co-investment and ownership in DaVinci, Fontana, Medici, Top Layer and Upsilon, as well as third-party capital in DaVinci (plus debt), Fontana, Medici, Top Layer, Upsilon and Vermeer. Figures reflected as follows: DaVinci common shareholders’ equity and debt; Top Layer’s equity capital supported by a $75M credit facility plus $3.9 billion stop loss reinsurance provided by State Farm; Vermeer common shareholders’ equity; Upsilon and Medici as total capital invested in non-voting participating shares; Fontana limited partners’ capital; and capital attributed to any SMA’s.

(2) Source: Trading Risk: ILS Fund Manager Directory, as of July 2024. Based on third-party capital, not including RenaissanceRe’s co-investment. Adjustments to source figures for RenaissanceRe include addition of $4 billion related to Top Layer.

All information as of September 30, 2024, unless otherwise stated.

Our Vehicles

Top Layer Re Ltd.

Established

Bermuda, 1999

Ratings

S&P: AA | A.M. Best: A+

Investors

50/50 joint venture with State Farm

Why Formed

In response to clients’ desires to have highly secure and rated balance sheets at the top end of their catastrophe reinsurance programs

Target Business

Non-U.S. risk remote layers of property catastrophe reinsurance market

DaVinci Reinsurance Ltd.

Established

Bermuda, 2001

Ratings

S&P: A+ | A.M. Best: A

Investors

RenaissanceRe, pension plans, endowments, financial investors, others

Why Formed

Created in the weeks following 9/11 to bring capacity to the property catastrophe reinsurance market

Target Business

Property catastrophe reinsurance and certain low frequency, high severity specialty reinsurance lines of business on a global basis

Vermeer Reinsurance Ltd.

Established

Bermuda, 2018

Ratings

A.M. Best: A

Investors

Stichting Pensioenfonds Zorg en Welzijn, a pension fund represented by PGGM

Why Formed

In response to clients’ desires to have highly secure and rated balance sheets at the top end of their catastrophe reinsurance programs

Target Business

U.S. risk remote layers of property catastrophe reinsurance market

Upsilon Fund Strategy

Established

Bermuda, 2012

Investors

RenaissanceRe, pension plans, endowments, financial investors, and others

Target Business

Provides property catastrophe reinsurance and retrocessional protection (across a range of risk profiles) on a collateralized basis

Fund Format

Open-ended fund

RenaissanceRe Medici Fund Ltd.

Established

Bermuda, 2009

Investors

RenaissanceRe, pension plans, endowments, financial investors, and others

Why Formed/Target Business

To invest substantially all its assets in various insurance-based investment instruments that have returns primarily correlated to property catastrophe risk (Cat Bonds)

Fund Format

Open-ended fund

Fontana Holdings L.P.

Established

Bermuda, 2022

Ratings

A.M. Best: A | Fontanta Reinsurance Ltd.
A.M. Best: A | Fontanta Reinsurance U.S. Ltd.

Investors

RenaissanceRe and institutional investors

Why Formed

Innovative joint venture dedicated to writing casualty & specialty risks

Target Business

Whole account quota share of casualty & specialty business, including credit

Our History

Backed by deep expertise and a commitment to share our investors’ risk, we have more than two decades of proven experience creating innovative joint ventures and special purpose vehicles that match desirable risk with partner capital.

2022

Fontana

RenaissanceRe’s first joint venture 100% dedicated to writing casualty and specialty risks, including long-tail lines

2018

Vermeer

Focused on risk remote layers in the U.S. property catastrophe market

2017

Fibonacci Re

Formed to provide collateralized capacity to RenaissanceRe via private placement of participating notes listed on the Bermuda Stock Exchange. Four series issued

2012

Upsilon Fund Strategy

Open-ended fund to provide capacity to the reinsurance and retrocessional property catastrophe markets through a collateralized reinsurance structure

2009

Medici

Open-ended fund created to facilitate investment in the growing catastrophe bonds (ILS) market using RenaissanceRe and third-party capital

2006

Timicuan Re

Partnered with financial investors to create short-dated vehicles, which were only renewed in 2009 and 2012, targeting Reinstatement Premium Protection covers in Florida

2006

Starbound

Short-dated portfolio, which was only renewed in 2007, of Atlantic windstorm-exposed accounts underwritten and managed by RenaissanceRe

2001

DaVinci Re

Joint venture formed to provide capacity following 9/11 with additional capacity in 2005 following Hurricanes Katrina, Rita and Wilma

1999

Top Layer Re

Joint venture with State Farm targeting high layers of non-U.S. catastrophe reinsurance business

1993

RenaissanceRe

Company is founded in Bermuda

Our Key Differentiators

RenaissanceRe Capital Partners delivers a differentiated model focusing on long-term partnerships, excellent service and bringing high-quality capacity to the market.