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International

DaVinci Re "core and strategic" for RenaissanceRe: Moody's

February 04, 2015 Reprints

Moody's Investors Service Inc. has said that DaVinci Reinsurance Ltd. is pivotal to RenaissanceRe Holdings Ltd.'s future, Artemis.bm reported.

DaVinci Re is nearly 77% capitalized by third-party investors and RenaissanceRe owns the rest.

The ratings agency said the sidecar is "core and strategic" for RenaissanceRe's business.

It has affirmed DaVinci Re with a stable outlook, despite a negative outlook on RenaissanceRe, Artemis.bm reports.

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DaVinci Re "core and strategic" for RenaissanceRe: Moody's

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