The reinsurer and capital manager felt the effects of the wildfires, as too did some third-party capital investors
RenRe Q1: $462m capital raised. Wildfire impacts evident | | | RenRe raised $462m of third-party capital in Q1, wildfires drove loss and fee impacts  RenaissanceRe, the Bermuda based reinsurance company and third-party capital manager, has raised almost $462 million in new third-party capital across its range of joint-ventures and insurance-linked securities (ILS) funds in the first-quarter of 2025, but the California wildfires saw losses shared with investors and dented the firms fee income for the period. Of the $461.8 million in new third-party capital raised in Q1 2025, the largest share of the new capital raised went to the firm's Fontana specialty and casualty joint-venture platform at $129.2 million. While redeemable noncontrolling interests fell from $6.98 billion at Dec 31 2024 to $6.69 billion as of Mar 31 2025, it's important to remember this is not the third-party AUM of RenRe's Capital Partners division and should not be construed as such. Read the full story. Other articles: | | | | | | Please share this with colleagues and friends if you think they would like to receive it.
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