RenRe to acquire AIG’s Validus Re for $3bn, create top 5 P&C reinsurer

RenRe to acquire AIG’s Validus Re for $3bn, create top-tier global P&C reinsurer

Bermuda-based RenaissanceRe Holdings is to acquire Validus Re from American International Group (AIG) for $2.985 billion, creating a leading global property and casualty reinsurer with a “large, attractive book” of business in a favourable market.

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RenaissanceRe Holdings, Validus Re, AIG, M&A, Acquisition, Treaty, Reinsurance, Property, Casualty, Global, North America

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