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RenaissanceRe Launches New Property Catastrophe Bond Fund - Medici UCITS

1. RenaissanceRe launched a new catastrophe bond fund for European investors. 2. This fund expands access to their investment strategy in a regulated structure.

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Why Bullish?

The launch indicates strategic growth and diversification in international markets. Historical evidence shows that similar expansions lead to increased investor confidence and stock appreciation.

How important is it?

The fund's launch highlights RenaissanceRe's growth strategies and potential for increased revenue, appealing to investors seeking diversified exposure.

Why Long Term?

Establishing a fund may enhance future earnings, benefiting long-term shareholder returns. Historical examples show that international fund launches improve financial metrics over time.

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PEMBROKE, Bermuda--(BUSINESS WIRE)--RenaissanceRe Holdings Ltd. (NYSE: RNR) (“RenaissanceRe” or the “Company”) today announced the launch of a new Irish domiciled property catastrophe bond fund, RenaissanceRe Medici UCITS Fund, a sub-fund of RenaissanceRe Medici ICAV (“Medici UCITS”). Medici UCITS is purpose-built to provide European and other global investors with access to RenaissanceRe's successful catastrophe bond investment strategy through a dedicated European-regulated UCITS structure. R.

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