RenRe aims to raise $1.2bn from public offering for Validus Re deal
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RenRe aims to raise $1.2bn from public offering for Validus Re deal

Rachel Dalton
24 May 2023
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RenaissanceRe, aiming to raise more than $1.2bn, has priced its offer of 6,300,000 common shares at $192.00 per share of an expected closing on 26 May.

The Bermudian carrier plans to use the net proceeds from the offering to fund part of the $2.7bn cash consideration it will pay to acquire Validus, as announced earlier this week.

The

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News M&A RenaissanceRe Validus AIG
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Rachel Dalton
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