[ TRANSACTION RECORD ]

RenaissanceRe Holdings Investment in Validus Re — 2023

VERIFIED VECTOR ID: 001810 · tx-096
M SOURCE NODE — FUNDER
RenaissanceRe Holdings
Finance Bermuda
$3,000,000,000
EQUITY
01/11/2023
Q DESTINATION NODE — RECIPIENT
Validus Re
Company Bermuda
Amount (USD)
$3.0B
Flow Type
EQUITY
Transaction Date
01/11/2023
Primary Source
View Filing ↗
Funder Profile [ M ]
Entity RenaissanceRe Holdings
AUM 35000
HQ Location Bermuda
Sector Finance
Recipient Profile [ Q ]
Entity Validus Re
Entity Type Company
Jurisdiction Bermuda
Intelligence Note

RenaissanceRe Holdings finalized the acquisition of Validus Re from AIG for 3 billion dollars to enhance its scale in the global reinsurance market. The transaction includes the assumption of casualty and specialty risk portfolios. This deal is a significant strategic move to consolidate market share in the property catastrophe and casualty segments.

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Primary Forensic Source https://www.renre.com/news/renaissancere-completes-acquisition-of-aig-s-validus-re-business/
✓ SOURCE LINKED