AIG to sell Validus Re to RenRe for $3bn

RenaissanceRe has agreed to acquire its fellow Bermudian Validus Re from AIG for $2.985bn at a valuation of 1.42x book, in a deal the seller said will reduce volatility in underwriting results and unlock significant capital and the buyer said will accelerate growth in a favorable reinsurance market.

 

Want to read this article?

 

For details on how to subscribe or for all commercial opportunities, including advertising, please contact:

Spencer Halladey

Commercial director

+44 (0) 7540 000929

spencer.halladey@wbmediagroup.com

    Andy Stone

    Sales manager

    +44 (0) 7834 843176

    andy.stone@wbmediagroup.com