• Investment
  • Insurance
  • Finance
  • Internet
  • Technology
  • 200Mbps
Trending
  • Amazon Signs One of the Largest Ever Deals in the Commercial Space Industry
  • Which stocks are likely to fare better during the Russia-Ukraine war?
  • Should I Invest in John Deere Stock Right Now?
  • Many Russian Ships Switch Flags to Other Countries, Possibly to Avoid Sanctions
  • March U.S. Tornado Activity Likely to Set Record
  • Aon Names WTW’s Kennedy to Lead UK Client Industry Sector; Miller Taps Alesco’s Hardcastle for DA; Mt. Logan Re Hires McBride for Biz Dev, Graham as CUO
  • WTW Releases New Version of Radar Pricing Software
  • Cities Drive Greenhouse Gas Emissions but Can Provide Solutions to Climate Change
MERDEKA MERDEKA
  • Investment
  • Insurance
  • Finance
  • Internet
  • Technology
  • 200Mbps
MERDEKA MERDEKA
You are at:Home » RenRe Launches Casualty, Specialty Venture for ILS Investors
First Online M&A Insurance Marketplace Launches in Australia

RenRe Launches Casualty, Specialty Venture for ILS Investors

0
By admin on January 9, 2023 Insurance

With institutional traders offering the majority of the capital, RenaissanceRe Holdings has introduced the creation of a brand new three way partnership devoted to casualty and specialty dangers.

Launched with $475 million of capital, the enterprise—Fontana Holdings L.P.—targets institutional traders, who contributed $325 million. RenRe supplied the remaining capital.

At the side of the launch, Fontana has assumed a complete account quota share of RenaissanceRe’s international casualty and specialty e-book of enterprise, together with the credit score portfolio, with the chance to boost further capital and enhance in scale over time, RenRe stated in a media assertion.

Fontana is regulated by the Bermuda Financial Authority and is predicted to be consolidated into RenaissanceRe’s monetary statements.

Kevin J. O’Donnell, president and chief government officer of RenaissanceRe, stated, “Fontana builds on our lengthy legacy of innovation in matching fascinating danger with owned and accomplice capital.” With out figuring out the traders, O’Donnell described them as “extremely revered institutional traders” who will profit from RenRe’s deep experience in underwriting casualty and specialty dangers.

“We additionally imagine that Fontana will improve shareholder worth by offering a gradual supply of payment earnings whereas enhancing our gross-to-net technique,” he continued.

Christopher S. Parry, senior vp and international head of RenRe’s ventures enterprise, Capital Companions, stated that “Fontana represents the following step within the evolution of our Capital Companions technique.”

“As our first three way partnership centered on casualty and specialty danger, Fontana extends the suite of insurance-linked securities and reinsurance methods that we provide our third-party capital companions.”

Supply: RenaissanceRe

This article first was published in Insurance coverage Journal’s sister publication, Carrier Management.

Matters
Excess Surplus
New Markets
Casualty

Curious about Casualty?

Get computerized alerts for this subject.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleWhat is “Host Process for Windows Tasks” and Why does it show high CPU usage?
admin
  • Website

Related Posts

Major British Housebuilders Pledge to Remove Flammable Cladding

Cities Drive Greenhouse Gas Emissions but Can Provide Solutions to Climate Change

WTW Releases New Version of Radar Pricing Software

Leave A Reply Cancel Reply

YOU MAY INTEREST
June 17, 2022

2 ETFs to Diversify Your Portfolio During Current Market Turmoil

September 12, 2022

How to Get Car Insurance

October 15, 2022

Dirty Money Worried Swedbank Compliance Officers but Bosses Kept Mum: Documents

April 21, 2022

Is now the time to invest in emerging markets?

May 12, 2022

Airbnb Beefing Up Guest Services With Satisfaction Guarantees, AirCover Protection

Copyright © 2023 Merdeka
  • About
  • Contact
  • Sitemap
  • Disclaimer
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.

Next Up

Previous
What is “Host Process for Windows Tasks” and Why does it show high CPU usage?

For years, we’ve listened to the complaints saying that the Host Course of for Home windows Duties is taking over…

Random
3 Pharmaceutical Stocks to Diversify Your Portfolio During the Downturn

2022 has not precisely been one of the best yr for traders. The S&P 500 index (NYSEARCA: VOO) has misplaced…