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RenRe closes $1.5bn Tokio Millennium Re acquisition; AM Best removes reinsurer from 'under review'

Bermuda25-03-2019Insurance News, Reinsurance News

Bermuda-based RenaissanceRe Holdings (RenRe) has completed the acquisition of Tokio Millennium Re (TMR) following the receipt of all necessary regulatory approvals.

RenaissanceRe gets green light for $1.5bn Tokio Millennium Re acquisition

Bermuda, North America, UK13-03-2019Insurance News, Reinsurance News

Bermuda-based RenaissanceRe Holdings (RenRe) has received all regulatory approvals required in connection with its acquisition of Tokio Millennium Re and Tokio Millennium Re (UK).

RenRe bolsters board with PepsiCo's Trudell as independent director

Bermuda08-02-2019Insurance News, Reinsurance News, Specialty

Bermuda-based RenaissanceRe Holdings (RenRe) has appointed Cythnia Trudell to serve as an independent director of the company, following the retirement of Edward Zore.

O’Donnell takes positives as RenRe posts strong growth in 2018 but profits dip

North America30-01-2019Reinsurance News

RenaissanceRe’s gross written premiums jumped by nearly 20 percent in 2018 – but its profits dipped mainly on the back of high levels of claims from the record-breaking wildfires in California for a second consecutive year.

RGA, RenRe-backed Langhorne Re hires new CEO from PartnerRe

North America25-01-2019Reinsurance News

Bermuda-based Langhorne Re, a global reinsurer targeting large in-force life and annuity blocks, has hired Marvin Pestcoe as its new executive chair and chief executive officer (CEO) from PartnerRe.

New RenRe reinsurer gets AM Best rating

Bermuda, North America20-12-2018Alternative Risk Transfer News, Insurance News, Property cat, Reinsurance News

AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” to Bermuda-based Vermeer Reinsurance, a property catastrophe reinsurer that has recently been launched by RenaissanceRe and Dutch pension fund manager PGGM.

RenRe unveils new $1bn property cat reinsurer

Bermuda, North America18-12-2018Alternative Risk Transfer News, Insurance News, Property cat, Reinsurance News

Bermuda-based RenaissanceRe Holdings and Dutch pension fund manager PGGM are launching a new property catastrophe reinsurer called Vermeer Reinsurance to provide capacity focused on risk remote layers in the US property catastrophe market.

Fitch praises Tokio Marine's reinsurance units’ sale

Asia Pacific, Bermuda12-11-2018Insurance News, Property cat, Reinsurance News

Tokio Marine Holdings’ (TMHD) sale of two European reinsurance subsidiaries is likely to streamline its holdings and boost operational efficiency in the group's underwriting businesses, Fitch Ratings says.

S&P puts RenRe’s ratings on outlook negative post TMR deal

Bermuda, North America02-11-2018Insurance News, Reinsurance News

S&P Global Ratings has revised its outlook on Bermuda-based RenaissanceRe Holdings and its operating subsidiaries to negative from stable following its acquisition of Tokio Marine Holdings' reinsurance platform for $1.5 billion.

RenRe buys TMR for $1.5bn

Bermuda, North America31-10-2018Insurance News, Reinsurance News

Bermuda-based RenaissanceRe Holdings has agreed to acquire its competitor Tokio Millennium Re (TMR) for approximately $1.5 billion from its parent company Tokio Marine Holdings.

Showing 41 to 50 of 114 results

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