Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

24 March 2018

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RenRe forecasts $625mn net hit from Q3 cats

5 October 2017

RenaissanceRe said it would take a net $625mn of losses from the three recent hurricanes and Mexican earthquakes.

The catastrophe reinsurer's gross losses will be shared with investors in the DaVinci Re sidecar. It also manages other third-party vehicles, including the retro-focussed Upsilon funds.

Analysis by sister publication The Insurance Insider shows that the loss would wipe out 12.7 percent of the carrier's average shareholder equity for the first half of the year and represents 1.7x the amount of net...

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