DaVinciRe posts Q3 COR of 218.9% as RenRe cat claims soar
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DaVinciRe posts Q3 COR of 218.9% as RenRe cat claims soar

Liz Bury
26 October 2021
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RenaissanceRe’s managed joint venture DaVinciRe has posted a combined ratio of 218.9% for Q3 2021, as the firm’s ILS funds were hit by losses from extreme weather events including Hurricane Ida and Storm Bernd.

Third-party assets under management (AuM) declined quarter on quarter to $3.46bn, led by DaVinciRe and Vermeer, although cat bond fund Medici grew.

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Topics

RenaissanceRe Bermuda Results News Catastrophe bonds Sidecars Property Capital raising
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