RenRe continues diversification strategy with Langhorne Re

RenaissanceRe's joint venture (JV) with Reinsurance Group of
America (RGA) will bring a diversifying stream of asset management
earnings to the Bermudian's third-party capital management arm,
while also giving it access to a wider pool of investors.
Bermuda-headquartered life reinsurance vehicle Langhorne Re,
unveiled last week, has initial capital commitments of $780mn and
will target in-force life and annuity blocks.
Because of low interest rates and regulatory developments such
as Solvency II