Joint Ventures / Strategic Investments

Our Ventures unit has responsibility for managing our property catastrophe joint ventures such as DaVinci Re and Top Layer Re, executing customized reinsurance transactions to assume or cede risk, and managing certain investments directed at classes of risk other than catastrophe reinsurance. We also provide customized weather and energy risk management solutions to various customers on a worldwide basis.

Property Catastrophe Managed Joint Ventures

We actively manage two property catastrophe-oriented joint ventures – Top Layer Re and DaVinci Re – which allow us to leverage our access to business and our underwriting capabilities on a larger capital base. Renaissance Underwriting Managers, Ltd. acts as the exclusive underwriting manager for each of these joint ventures.

  • DaVinci Re was established in 2001 and principally writes property catastrophe reinsurance and certain low frequency, high severity specialty reinsurance lines of business on a global basis. Our ownership in DaVinci Re was 32% at June 30, 2012. DaVinci Re writes companion layers to Renaissance Reinsurance Ltd. and provides separately rated security to our clients. It is rated “A” by A.M. Best and “A+” by S&P for financial strength.
  • Top Layer Re writes high excess non-U.S. property catastrophe reinsurance. Top Layer Re is owned 50% by State Farm and 50% by Renaissance Reinsurance Ltd. Top Layer Re is rated “A+” by A.M. Best and “AA” by S&P.

Our Ventures team works on a range of other customized reinsurance transactions and we have participated in and continuously analyze other attractive opportunities in the market for insurance-linked securities and derivatives. Our products contain a number of customized features designed to fit the needs of our partners. In the past, we have created short-term customized reinsurance vehicles such as Starbound I and II and Timicuan I and II to provide limited term capacity to our property catastrophe reinsurance clients.

Strategic Investments

We pursue strategic investments where, rather than assuming exclusive management responsibilities, we partner with other investors and proven management teams.

Contacts*

DaVinci Re

Kevin O’Donnell
President and
Chief Executive Officer
RenaissanceRe Holdings Ltd.
Email

Aditya Dutt
President
RenaissanceRe Underwriting
Managers, Ltd.
Email

Justin O’Keefe
Senior Vice President
Chief Underwriting Officer
– Property
Email

Bryan Dalton
Senior Vice President, Underwriting
Active Underwriter
Email

Rebecca Roberts
Senior Vice President
Email

Cathal Carr
Vice President
Email

Peter Muirhead
Vice President
Email

Justin Freisenbruch
Vice President
Email

Jeff Manson
Vice President
Email

James Mitchell
Vice President
Email

Top Layer Re

Kevin O’Donnell
President and
Chief Executive Officer
RenaissanceRe Holdings Ltd.
Email

Aditya Dutt
President
RenaissanceRe Underwriting Managers Ltd.
Email

Bryan Dalton
Senior Vice President
Email

Cathal Carr
Vice President
Email

Peter Muirhead
Vice President
Email

*Underwriting services for DaVinci Reinsurance Ltd. and Top Layer Reinsurance Ltd. are provided by RenaissanceRe Underwriting Management Ltd. (“RUML”)