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RenaissanceRe Announces Formation of Timicuan Reinsurance III Limited, Bringing Additional Reinsurance Capacity to the Florida Market

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RenaissanceRe Announces Formation of Timicuan Reinsurance III Limited, Bringing Additional Reinsurance Capacity to the Florida Market Powered By Docstoc
					
				
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Description: PEMBROKE, Bermuda--(EON: Enhanced Online News)--RenaissanceRe Holdings Ltd. (NYSE: RNR) today announced the formation of Timicuan Reinsurance III Limited (“Tim Re III”), a new Bermuda reinsurance company, creating additional reinsurance capacity for the Florida homeowners market. Renaissance Reinsurance Ltd. (“Renaissance Reinsurance”) and DaVinci Reinsurance Ltd. (“DaVinci”) have entered into a fully-collateralized reinsurance agreement with Tim Re III, under which Renaissance Reinsurance and D a style='fon
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