RenaissanceRe Expands Cat Bond Business With $340M Medici UCITS Fund
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RenaissanceRe has launched a $340 million Medici UCITS fund to expand its catastrophe bond business. This move is part of RNR's strategy to grow globally, diversify capital sources, and enhance its investment platform.
March 06, 2025 | 3:15 pm
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RenaissanceRe has launched a $340 million Medici UCITS fund to expand its catastrophe bond business, aligning with its strategy to grow globally and diversify capital sources.
The launch of the $340M Medici UCITS fund is a significant step for RenaissanceRe in expanding its catastrophe bond business. This aligns with its strategic goals of global expansion and capital diversification, likely boosting investor confidence and positively impacting the stock price in the short term.
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