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
Professionals
Manager 2
(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 June 30, 2024, unless otherwise stated.
Our Vehicles
Top Layer Re Ltd.
Established
Ratings
Investors
Why Formed
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.
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.
Access to Risk
years of client relationships
Capacity across multiple balance sheets
Composite covers across property catastrophe and casualty & specialty
Alignment of Interest
We invest in or partner alongside our investors in every vehicle
Approximately $1B of RenaissanceRe capital
invested
Exposed capital is greater than our fees
Underwriting
Proprietary Pricing and Risk System
Disciplined approach
Our models evolve quickly to reflect losses and changes to climate
All information as of December 31, 2023, unless otherwise stated.
Sustainability
RenaissanceRe’s sustainability strategy focuses on core areas where we can apply our business strengths to make a meaningful impact on society.
Key Contacts
Chris Parry
Business Development and Investor Relations
Laura Bonanno
Christian Husby
Keenan Press
Portfolio Management
Sebastien Iaxx
Manjit Varwandkar
Structuring
Dave Courcy
Legal
Anne Korenblit
Chiara Soria
Carl Stapen
Finance
Veronique Bernard
