RenaissanceRe’s funds platform has taken significant losses.
The Bermudian specialty carrier also announced that it had strategically increased the use of its third-party capital.
The New York-listed company said in December it expected $17mn catastrophe losses in its Q4 results.
Friederike, a compact and fast-moving extratropical cyclone, struck four countries in January last year.
The vehicle brings Bermuda-based PartnerRe’s managed third-party capital to $262mn as of January 2019.
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