RenRe lifts third-party funds by $200mn in Q2 as releases buoy DaVinci
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

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

renaissance-re-renre-logo-bermuda-2022-v1.png

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.

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Gift this article