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Validus sale: RenRe’s land grab blunts the fallout for hard market

RenRe Validus re graph.png

First it was the old-school Berkshire Hathaway mega-line deals, then it was Everest Re’s $1.5bn equity raise, and this week the more dramatic news of a major M&A deal in RenaissanceRe’s $3bn acquisition of Validus Re.