News

Insurance

RenRe’s $3bn Validus deal: global status soars, but volatility looms

Moody’s warns on volatility as RenRe ascends to top five P&C reinsurer with the deal.   24 May 2023

Insurance

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

New shares, at 15% of current equity, provide ca. half of the Q4 payment.   24 May 2023

Insurance

RenRe O’Donnell puts money where his mouth is: $2.5m into Validus Re deal

RenRe CEO seeks to ‘demonstrate conviction that the deal will deliver material value.’   23 May 2023

Insurance

Mid-year renewals look orderly as cedents fall in line

New capital flows aren’t enough to turn the tide on rising demand for the foreseeable future.   23 May 2023

Insurance

Validus Re sale paves fresh path for AIG, sparks strategic shift

AIG will seek growth in reinsurance market where risk and capital requirement is low.   23 May 2023

Insurance

RenRe could wield the axe on Validus staff for quick synergies

RenRe already has ‘all the tools, expertise and platforms’ for the business it is buying.   23 May 2023

Insurance

RenaissanceRe won’t slow own growth to absorb Validus: CEO O’Donnell

The combined books bear no threats to internal or client limits. ‘I think it’s all systems go.’   23 May 2023

Insurance

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

The deal has been approved by RenRe’s board and does not require shareholder approval.   23 May 2023

Insurance

RenaissanceRe likes property cat, takes early jump to mid-year renewals

Pent-up demand for reinsurance is on the prowl now, but likely to spill over into 2024.   4 May 2023

Alternative Risk Transfer

RenRe swept up cash for cat bonds, but investors flee collateralised re

Cat bond fund Medici leads the ILS flow show; bleeding at Upsilon continues unabated.   3 May 2023

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