State Farm backs RenRe as Bermuda reinsurer seeks almost $1bn in fresh capital


Bermuda-based RenaissanceRe Holdings is looking to raise around $907 million in a fresh capital raise by selling 5.5 million of its ordinary shares through a public offering. The reinsurer's existing stockholder State Farm has agreed to purchase approximately $75 million worth of the common shares.

State Farm, RenRe, Shares, Insurance, Reinsurance, Public offering, NYSE, Bermuda

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