RenRe: 2021 losses ‘another body blow to the ILS market’
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RenRe: 2021 losses ‘another body blow to the ILS market’

Liz Bury
26 October 2021
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RenaissanceRe CEO and president Kevin O’Donnell has said he expects to reduce the portfolio for retro-focussed sidecar Upsilon, following “another very difficult year to explain to investors”, in comments on the firm’s Q3 earnings call.

He added that while RenRe had seen “more persistence in some of the ILS money than we originally expected.

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