RenRe raises $1.39bn through public offering for Validus Re deal
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

RenRe raises $1.39bn through public offering for Validus Re deal

Rachel Dalton
May 30, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
ren_re_renaissance_bermuda_logo_2022.png

RenaissanceRe has raised $1.39bn through a share offer that closed on Friday, as it looks to fund its acquisition of Validus from AIG.

The Bermudian announced last week a public offering of 6.3 million shares priced at $192 each.

As part of its underwriting agreement with Morgan Stanley and Goldman Sachs, RenRe granted the pair an option to buy up to a further...

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsM&ARenaissanceReValidus
rachel dalton 2024 ii red 2.png
Rachel Dalton
Lead Reporter
Contact
Gift this article