RenRe Receives Approvals For Acquisition

March 13, 2019 | 0 Comments

RenaissanceRe Holdings announced that it has received all regulatory approvals required in connection with its previously announced acquisition of Tokio Millennium Re AG and Tokio Millennium Re [UK] Limited.

RenaissanceRe had announced on October 30, 2018 that it had entered into a definitive agreement with Tokio Marine Holdings, Inc. to acquire Tokio Marine’s reinsurance platform, TMR.

“The parties anticipate closing the transaction as soon as possible, subject to the satisfaction of customary closing conditions,” the company said.

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