RenRe completes $3.6bn acquisition of Validus Re from AIG

Published: Wed 1 Nov 2023

RenaissanceRe has completed its acquisition of Validus Re, with AIG receiving total consideration of $3.3bn in cash and an additional $275mn in stock in the Bermudian reinsurer, in a deal which Kevin O’Donnell said combines “two of the best reinsurance underwriters”.