7 January 2020Insurance

Tokio Marine to sell stake in RenaissanceRe

Tokio Marine & Nichido Fire Insurance Co is selling its entire stake in Bermudian reinsurance firm RenaissanceRe.

RenaissanceRe has announced an underwritten public secondary offering of 1,739,071 common shares by Tokio Marine. The 3.9 percent stake in the company is worth around $334 million.

Tokio Marine will receive all of the net proceeds from this offering.

Morgan Stanley & Co. LLC is acting as the sole underwriter for the offering.

Already registered?

Login to your account

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 Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Ripple effect: wider economic impacts of Middle East conflict to affect global re/insurers

13 March 2026 Midyear renewals will be inflection point, says AM Best.

E&S property rates drop up to 20%, capacity surge fuels fierce competition

13 March 2026 Buyers gain leverage early in 2026 as carriers offer multi-year deals and rate locks: RPS.

European insurance M&A activity at record levels in 2025

13 March 2026 But ‘fewer big deals around’ to command investor attention, says FTI.

More articles

Ripple effect: wider economic impacts of Middle East conflict to affect global re/insurers

E&S property rates drop up to 20%, capacity surge fuels fierce competition

European insurance M&A activity at record levels in 2025

Gallagher Re lands NA fac leader with 20-year market track record

Moody’s concurs: Middle east conflict at last just weeks

Global firms more exposed to Middle East supply disruption than they think

Dual North America boosts surety limits with Axis partnership

Malicious cyber threats heightened by Middle East crisis: Aon

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze