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RenRe launches new property cat bond fund Medici UCITS

RenaissanceRe has launched a new Irish domiciled property catastrophe bond fund, RenaissanceRe Medici UCITS Fund, a sub-fund of RenaissanceRe Medici ICAV (Medici UCITS). The Medici UCITS fund, established under European regulation, offers European and global investors a gateway to RenaissanceRe’s proven catastrophe bond investment strategy. The RenaissanceRe Capital Partners team will act as investment manager…

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Hippo’s $42m LA wildfire loss includes $15m gross savings from sale of subrogation rights

Home insurance carrier Hippo has announced estimated losses from the January 2025 Los Angeles, California wildfires of $42 million pre-tax, net of reinsurance recoveries and subrogation, also revealing that it has agreed to sell its subrogation rights specific to its portion of losses from the Eaton wildfire. The insurer’s $42 million wildfire loss estimate includes…

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