RenRe’s Upsilon retro vehicle shrinks by more than 50%
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RenRe’s Upsilon retro vehicle shrinks by more than 50%

Martha Muir
26 January 2022
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RenaissanceRe logo with O Donnell.jpg

RenaissanceRe’s Upsilon retro vehicle offered less than half the limit in the January renewals than it did in 2021, reflecting the impact of losses and trapped capital, the carrier said during its Q4 earnings call.

Kevin O'Donnell, president and CEO, described 2021 as a “difficult year” as “the insurance industry experienced its fifth consecutive year of elevated catastrophe losses”.

He

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Martha Muir
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