In order to enhance its reinsurance capacity, RenaissanceRe Holdings Ltd. (NYSE:RNR) announced the creation of a new reinsurance subsidiary named Timicuan Reinsurance III Limited. The newly formed subsidiary will be based in Bermuda, which is the headquarter of the holding company.
Timicuan Reinsurance will be initiated with equity share capital of $55 million, contributed by various investors including RenaissanceRe. Renaissance Underwriting Managers Ltd will manage the new company, which will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards