RenaissanceRe Completes Acquisition Of TMR

March 22, 2019 | 2 Comments

RenaissanceRe Holdings Ltd. today [March 22] announced that it has concluded its acquisition of Tokio Millennium Re [TMR]. The acquisition was originally announced on October 30, 2018 and the completion follows the receipt of all necessary regulatory approvals.

Kevin J. O’Donnell, President and Chief Executive Officer of RenaissanceRe, said: “The acquisition of TMR accelerates our strategy and enhances RenaissanceRe’s global reinsurance leadership, product offerings and access to attractive risk.

“The bespoke structure of this transaction also strengthens our long-standing relationship with Tokio Marine Group. Our entire team is excited about the expanded opportunities that the TMR platform will bring to deliver the best underwriting solutions in the business while maximizing shareholder value.”

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Comments (2)

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  1. Ironic says:

    How many redundancies locally already? And how many more to come?

  2. Bubbles says:

    Not the first time Ren Re have done this. Remember Platinum?

    Sad and depressing.

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