Renaissancere holdings ltd. Announced it has concluded its acquisition of tokio marine holdings’ reinsurance platform for $1.5 billion in cash and renaissancere common shares.
The acquisition of tokio millennium re ag and tokio millennium re (uk) ltd. (collectively referred to as tmr). Changed into in the beginning introduced on oct. 30, 2018. The final touch of the deal follows the receipt of all important regulatory approvals.
“the acquisition of tmr quickens our strategy and complements renaissancere’s international reinsurance management, product offerings and get admission to to attractive risk,” stated kevin j. O’donnell, president and chief government officer of renaissancere.
“the bespoke structure of this transaction additionally strengthens our long-status courting with tokio marine institution. Our entire group is excited about the multiplied opportunities that the tmr platform will carry to deliver the great underwriting solutions within the enterprise while maximizing shareholder price,” he brought.
Legal warning !
The information, comments and suggestions there are not covered by investment advice. It is based on the author's personal opinions. These views may not fit your financial situation and risk and return preferences. For this reason, based solely on this information, investment decisions may not have the appropriate consequences for your expectation. Our Site is not responsible for any direct or indirect damages incurred by the investors as a result of the use of the information on the Site, deficiencies in the sources, damages incurred by profit, moral damages, or damage to third parties.