RenRe aims to raise $1.2bn from public offering for Validus Re deal
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RenRe aims to raise $1.2bn from public offering for Validus Re deal

Jairo Ibarra
May 22, 2023
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RenaissanceRe, aiming to raise more than $1.2bn, has priced its offer of 6,300,000 common shares at $192.00 per share of an expected closing on 26 May.

On a call minutes after the pure-play reinsurer announced the ~$3bn deal to buy Validus Re, RenRe CEO Kevin O’Donnell told analysts: “The portfolio looks a lot like ours.

“There's

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NewsM&ARenaissanceReValidus
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Jairo Ibarra
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