RenRe prices SPO for $1.2bn to $1.4bn gross to launch Validus Re funding

24-05-2023

RenRe prices SPO for $1.2bn to $1.4bn gross to launch Validus Re funding

Kevin O’Donnell, RenRe CEO

Reinsurance group RenaissanceRe should haul in a gross take of $1.21 billion from a new share issue designed to help fund a major acquisition, plus any lingering sums should underwriters exercise their options for an additional 15%.


Reinsurance, Capital Increase, M&A, RenaissanceRe, AIG, Validus Re, Bermuda, Global

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