{"id":336,"date":"2025-03-06T12:00:00","date_gmt":"2025-03-06T13:00:00","guid":{"rendered":"https:\/\/esportslegendary.com\/?p=336"},"modified":"2025-03-06T13:05:27","modified_gmt":"2025-03-06T13:05:27","slug":"renre-launches-new-property-cat-bond-fund-medici-ucits","status":"publish","type":"post","link":"https:\/\/esportslegendary.com\/index.php\/2025\/03\/06\/renre-launches-new-property-cat-bond-fund-medici-ucits\/","title":{"rendered":"RenRe launches new property cat bond fund Medici UCITS"},"content":{"rendered":"<p>RenaissanceRe has launched a new Irish domiciled property catastrophe bond fund, RenaissanceRe Medici UCITS Fund, a sub-fund of RenaissanceRe Medici ICAV (Medici UCITS).<\/p>\n<p><img decoding=\"async\" class=\"size-full wp-image-33795 alignright lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"RenaissanceRe building\" width=\"360\" data-src=\"https:\/\/esportslegendary.com\/wp-content\/uploads\/2025\/03\/renaissancere-building.jpg\">The Medici UCITS fund, established under European regulation, offers European and global investors a gateway to RenaissanceRe\u2019s proven catastrophe bond investment strategy.<\/p>\n<p>The RenaissanceRe Capital Partners team will act as investment manager of the new fund. This will complement the company\u2019s existing catastrophe bond fund, RenaissanceRe Medici Fund Ltd. (Medici).<\/p>\n<p>UCITS and Medici share substantially similar investment guidelines and risk appetites, RenaissanceRe noted.<\/p>\n<p>Ross Curtis, EVP, Chief Portfolio Officer of RenaissanceRe, commented: \u201cThe launch of Medici UCITS reflects the continuing global growth and diversification of RenaissanceRe, furthering our mission to match desirable risk with owned and partner capital.<\/p>\n<p>\u201cWe are proud to bring a new fund to our third-party investors while providing needed protection to our clients.\u201d<\/p>\n<p>Christopher Parry, SVP, Global Head of Capital Partners, said: \u201cAt RenaissanceRe, we pride ourselves on our 25-year track record of managing third-party capital and the trusted relationships we have built with our investors over this time.<\/p>\n<p>\u201cMedici UCITS, the latest in our full suite of offerings, provides our European partners with expanded access to the attractive catastrophe bond market in a structure that meets their needs. We look forward to bringing the same risk expertise and proprietary tools of our Medici portfolio management team to investors in this fund.\u201d<\/p>\n<p>Medici UCITS launched with $340 million in total capital, made up of a combination of primarily existing partner capital, new partner capital and a $140 million co-investment from RenaissanceRe<\/p>\n<p>According to RenaissanceRe, Medici UCITS will not be consolidated into RenaissanceRe\u2019s financial results.<\/p>\n<p>The Central Bank of Ireland will regulate Medici UCITS, which will generate fee income. RenaissanceRe\u2019s consolidated financial statements will reflect its co-investment at fair value.<\/p>\n<p>The post <a href=\"https:\/\/www.reinsurancene.ws\/renre-launches-new-property-cat-bond-fund-medici-ucits\/\">RenRe launches new property cat bond fund Medici UCITS<\/a> appeared first on <a href=\"https:\/\/www.reinsurancene.ws\">ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s proven catastrophe bond investment strategy. The RenaissanceRe Capital Partners team will act as investment manager&#8230;<\/p>\n","protected":false},"author":1,"featured_media":338,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reinsurance"],"_links":{"self":[{"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/posts\/336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/comments?post=336"}],"version-history":[{"count":2,"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/posts\/336\/revisions"}],"predecessor-version":[{"id":339,"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/posts\/336\/revisions\/339"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/media\/338"}],"wp:attachment":[{"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/media?parent=336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/categories?post=336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/esportslegendary.com\/index.php\/wp-json\/wp\/v2\/tags?post=336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}