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Stock Market & Financial Investment News

News Breaks
January 3, 2013
16:35 EDTRNRRenaissanceRe forms Upsilon Reinsurance II
RenaissanceRe Holdings Ltd announced the formation of Upsilon Reinsurance II, a new Bermuda domiciled special purpose insurance vehicle, creating additional reinsurance capacity for the worldwide aggregate retrocessional reinsurance market. Investors have capitalized Upsilon Re II and $185M of fully-collateralized reinsurance limit has been deployed. Upsilon Re II is managed by Renaissance Underwriting Managers. Upsilon Re II may raise additional capital and provide additional fully-collateralized reinsurance capacity if market opportunities exist.
News For RNR From The Last 14 Days
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July 28, 2015
16:31 EDTRNRRenaissanceRe reports Q2 operating EPS $2.18, consensus $2.23
Reports Q2 revenue $397.6M, consensus $348.86M. Book value per common share increased $1.22, or 1.3%, in the second quarter of 2015 to $96.43, compared to a 3.0% increase in the second quarter of 2014. Tangible book value per common share plus accumulated dividends increased 1.9% in the second quarter of 2015, compared to a 3.5% increase in the second quarter of 2014.

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