RenRe sees Q2 ILS outflows on cat bond profit taking & capital release

Global reinsurance group RenaissanceRe suffered its fourth consecutive quarter of net outflows of third party capital from its stable of ILS vehicles, losing a net $256.3 million, amid a decline in fundraising, releases of trapped capital and select cases of profit taking from a recently popular cat bond fund.

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RenRe sees Q2 ILS outflows on cat bond profit taking & capital release

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