DaVinci Reinsurance Ltd. (Tr) is a company that provides property catastrophe reinsurance and specialty reinsurance for certain other risks, primarily in areas where it can take advantage of RenaissanceRe’s catastrophe reinsurance expertise.
In this article, we will explore the history, mission, core values, products, services, benefits, and credit ratings of DaVinci Reinsurance Ltd. (Tr), and how you can learn more about this company.
What is DaVinci Reinsurance Ltd. (Tr)?
DaVinci Reinsurance Ltd. (Tr) is a Bermuda-based company that was incorporated in 2001.
It operates as a segregated accounts company, meaning that each account is legally separate and distinct from any other account.
DaVinci Reinsurance Ltd. (Tr) has one shareholder, DaVinciRe Holdings Ltd., which is a wholly-owned subsidiary of RenaissanceRe Holdings Ltd.
DaVinci Reinsurance Ltd. (Tr) is licensed and regulated by the Bermuda Monetary Authority as a Class 4 insurer.
DaVinci Reinsurance Ltd. (Tr) contact
| Item | Information |
|---|---|
| Phone Number | +441 295 4513 |
| Address | C/O Renaissance Underwriting Management Ltd. Renaissance House 12 Crow Lane Pembroke, Bermuda, HM 19 |
| Customer Service Contact | Katrina King, Senior Vice President and Chief Claims Officer |
| Policy Details | DaVinci Reinsurance Ltd. (Tr) It provides reinsurance for losses from disasters, both natural and artificial, and other specialty risks, mainly leveraging RenaissanceRe’s expertise in catastrophe reinsurance. DaVinci Reinsurance Ltd. (Tr) operates as a transformer, meaning that it issues reinsurance contracts to ceding companies and transfers the risk to investors through the issuance of preference shares. |
| Email Address | claimsbda@renre.com |
| Fax Number | +441 295 3163 |
| Operating Hours | I could not find any information about the operating hours of DaVinci Reinsurance Ltd. (Tr) from the web. You may contact them by phone or email to inquire about their availability. |
DaVinci Reinsurance Ltd. (Tr) History, Mission, and Core Values
DaVinci Reinsurance Ltd. (Tr) was established in 2001 as a joint venture between RenaissanceRe Holdings Ltd. and State Farm Mutual Automobile Insurance Company, the largest property and casualty insurer in the United States.
The purpose of the joint venture was to create a vehicle for providing additional capacity and diversification to the property catastrophe reinsurance market.
DaVinci Reinsurance Ltd. (Tr) has since grown to become one of the leading providers of property catastrophe reinsurance and specialty reinsurance in the world.
The mission of DaVinci Reinsurance Ltd. (Tr) is to deliver superior returns to its shareholder and clients by providing reinsurance solutions that are responsive, innovative, and reliable.
DaVinci Reinsurance Ltd. (Tr) adheres to the core values of RenaissanceRe Holdings Ltd., which are:
- Integrity: DaVinci Reinsurance Ltd. (Tr) conducts its business with honesty, transparency, and accountability.
- Respect: DaVinci Reinsurance Ltd. (Tr) treats its clients, partners, employees, and stakeholders with respect and dignity.
- Excellence: DaVinci Reinsurance Ltd. (Tr) strives for excellence in everything it does, from underwriting and risk management to customer service and corporate governance.
- Teamwork: DaVinci Reinsurance Ltd. (Tr) works as a team, leveraging its collective expertise, experience, and resources to achieve its goals.
- Innovation: DaVinci Reinsurance Ltd. (Tr) embraces innovation and creativity, seeking new ways to improve its products, services, and processes.
DaVinci Reinsurance Ltd. (Tr) Underwriting Approach and Risk Management Strategies
DaVinci Reinsurance Ltd. (Tr) follows a disciplined and rigorous underwriting approach, focusing on profitability rather than market share.
DaVinci Reinsurance Ltd. (Tr) evaluates each reinsurance opportunity based on its expected return, risk profile, and fit with its overall portfolio.
DaVinci Reinsurance Ltd. (Tr) also monitors the market conditions and trends, and adjusts its underwriting strategy accordingly.
DaVinci Reinsurance Ltd. (Tr) employs various risk management strategies to mitigate and diversify its exposures, such as:
- Retrocession: DaVinci Reinsurance Ltd. (Tr) purchases reinsurance from other reinsurers to transfer some of its risks and reduce its net liabilities.
- Hedging: DaVinci Reinsurance Ltd. (Tr) uses derivative instruments, such as futures, options, and swaps, to hedge its exposure to interest rate, currency, and credit risks.
- Capital Management: DaVinci Reinsurance Ltd. (Tr) maintains a strong capital position and a conservative balance sheet, ensuring that it has sufficient liquidity and solvency to meet its obligations and withstand extreme events.
DaVinci Reinsurance Ltd. (Tr) benefits
- It provides reinsurance for losses from disasters, both natural and artificial, and other specialty risks, mainly leveraging RenaissanceRe’s expertise in catastrophe reinsurance.
- It has a strong financial position and performance, with total assets of $4,964,889,000 and net income of $1,046,439,000 as of December 31, 2021.
- It has a high credit rating of A+ (Superior) from A.M. Best and AA- (Very Strong) from Standard & Poor’s, reflecting its excellent capitalization, underwriting discipline, and risk management capabilities.
- It has access to a diversified and global portfolio of risks through its affiliation with RenaissanceRe, which has a leading market position and reputation in the reinsurance industry.
- It offers flexible and customized solutions to its clients, leveraging its expertise, innovation, and technology.
DaVinci Reinsurance Ltd. (Tr) Claims
- Claim process: DaVinci Reinsurance Ltd. (Tr) is a company that provides property catastrophe reinsurance and specialty reinsurance for certain other risks, primarily in areas where it can take advantage of RenaissanceRe’s catastrophe reinsurance expertise. DaVinci Reinsurance Ltd. (Tr) operates as a transformer, meaning that it issues reinsurance contracts to ceding companies and transfers the risk to investors through the issuance of preference shares. If you have a claim with DaVinci Reinsurance Ltd. (Tr), you can contact the following email address and phone number for all claims documentation and notices:
- Email: claimsbda@renre.com
- Phone: +441 295 4513
You can also contact Katrina King, the Senior Vice President and Chief Claims Officer of RenaissanceRe, at katrina.king@renre.com or +1 441 295 4513 ext. 2255 for any claim-related inquiries.
- Claim status: DaVinci Reinsurance Ltd. (Tr) does not provide any online portal or tool to check the status of your claim. However, you can contact the claims email or phone number mentioned above to get an update on your claim. Alternatively, you can also contact your ceding company or broker to obtain information about your claim status.
- Required documents for claims: DaVinci Reinsurance Ltd. (Tr) does not specify any particular documents that are required for claims. However, depending on the type and nature of your claim, you may need to provide some or all of the following documents:
- A copy of your reinsurance contract or policy
- A proof of loss or damage, such as photos, videos, invoices, receipts, etc.
- A detailed description of the cause and extent of the loss or damage
- An estimate of the repair or replacement costs
- Any relevant correspondence or communication with the ceding company, broker, or third parties involved in the claim
- Any other documents that may support your claim or that DaVinci Reinsurance Ltd. (Tr) may request from you
DaVinci Reinsurance Ltd. (Tr) reviews
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