RenRe lifts third-party funds by $200mn in Q2 as releases buoy DaVinci
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RenRe lifts third-party funds by $200mn in Q2 as releases buoy DaVinci

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RenaissanceRe said it took in more than $200mn in third-party funds in the second quarter, as its DaVinci Re sidecar lifted Q2 profits by 5% on a major uptick in reserve releases and low catastrophe activity.

The reinsurer also continued to repurchase shares, with $446.5mn bought back since the second quarter began, accelerating the pace of buybacks that started earlier this year after a major $1bn+ post-Covid capital raise last year.

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