RenaissanceRe Expands Cat Bond Business With $340M Medici UCITS Fund

RenaissanceRe Holdings Ltd. (RNR) recently introduced a new property catastrophe bond fund called RenaissanceRe Medici UCITS Fund, which is registered in Ireland. This fund is designed to give European and global investors access to RenaissanceRe’s catastrophe bond investment strategy within a European-regulated UCITS structure. The Central Bank of Ireland is regulating Medici UCITS.The new fund is an extension of the company’s existing RenaissanceReMedici Fund Ltd., following similar investment principles. ...