RenRe raises $1.39bn through public offering for Validus Re deal
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RenRe raises $1.39bn through public offering for Validus Re deal

Rachel Dalton
30 May 2023
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RenaissanceRe has raised $1.39bn through a share offer that closed on Friday, as it looks to fund its acquisition of Validus from AIG.

The Bermudian announced last week a public offering of 6.3 million shares priced at $192 each.

As part of its underwriting agreement with Morgan Stanley and Goldman Sachs, RenRe granted the pair an option to buy up to a further...

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News M&A RenaissanceRe Validus
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Rachel Dalton
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