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

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%.

The rest of this article is locked for subscribers only. Please login to continue reading.

If you don't have a login, you will need to purchase a subscription to gain access to this article, including all our online content. Please use this link and follow the steps.

To request a FREE 2-week trial subscription, use the same link but select the 'trial' option in the dropdown box. NOTE - this can take up to 48hrs to be approved.

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk

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

More on this story

RenRe lines up next $750m towards Validus buy; could wield $4.65bn
01-06-2023

RenRe steps towards bond market for quick line-up of Validus financing
31-05-2023

RenRe could wield the axe on Validus staff for quick synergies
23-05-2023

RenaissanceRe won’t slow own growth to absorb Validus: CEO O’Donnell
23-05-2023

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

More on this story

Other related

More on this story

Sign up for the newsletter