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RenaissanceRe: $750M Senior Notes Offering

RenaissanceRe: $750M Senior Notes Offering

RenaissanceRe Holdings announced today that it has agreed to sell in an underwritten public offering $750 million aggregate principal amount of 5.750% Senior Notes due 2033. “The Company expects to close the offering on or about June 5, 2023, subject to the satisfaction of customary closing conditions,” a spokesperson said. “The Company... Read more of this article

AM Best: RenaissanceRe Ratings Are Unchanged

AM Best: RenaissanceRe Ratings Are Unchanged

AM Best said that the ratings of RenaissanceRe Holdings Ltd. ”are unchanged” following the announcement it has entered into an agreement to acquire the treaty reinsurance business of American International Group. A statement from the ratings agency said, “The business to be acquired by RenaissanceRe includes Validus Reinsurance Ltd.... Read more of this article

RenRe Announce Pricing Of Common Shares

RenRe Announce Pricing Of Common Shares

RenaissanceRe Holdings Ltd. [RNR] announced the pricing of an underwritten public offering of 6,300,000 of its common shares at a price to the public of $192.00 per share, before underwriting discounts and commissions. A spokesperson said, “The offering is expected to close on May 26, 2023, subject to customary closing conditions. The Company... Read more of this article

RenaissanceRe To Acquire Validus Reinsurance

RenaissanceRe To Acquire Validus Reinsurance

Renaissancere Holdings  announced it has “entered into a definitive agreement with American International Group, Inc., whereby RenaissanceRe will acquire AIG’s treaty reinsurance business, which includes Validus Reinsurance Ltd. and its consolidated subsidiaries, AlphaCat Managers Ltd. and its managed funds, and all renewal rights to the Assumed... Read more of this article

RenaissanceRe Announces Quarterly Dividend

RenaissanceRe Announces Quarterly Dividend

The Board of Directors of RenaissanceRe Holdings Ltd. announced a quarterly dividend of $0.38 per common share on its common shares. The dividend is payable on June 30, 2023, to shareholders of record on June 15, 2023. Related Stories RenaissanceRe Announces Quarterly Dividend RenaissanceRe Announces Quarterly Dividend RenaissanceRe Announces Quarterly... Read more of this article

RenRe Declares $0.38 Quarterly Dividend

RenRe Declares $0.38 Quarterly Dividend

The Board of Directors of RenaissanceRe Holdings Ltd. today voted to increase the Company’s quarterly dividend to $0.38 per common share, from $0.37 per common share. The Company has increased its dividend during each of the twenty-eight years since its initial public offering. The dividend is payable on March 31, 2023, to shareholders of record... Read more of this article

RenaissanceRe Announces Quarterly Dividend

RenaissanceRe Announces Quarterly Dividend

The Board of Directors of RenaissanceRe Holdings Ltd. announced a quarterly dividend of $0.37 per common share on its common shares. The dividend is payable on December 30, 2022, to shareholders of record on December 15, 2022. Related Stories RenaissanceRe Announces Quarterly Dividend RenaissanceRe Announces Quarterly Dividend RenaissanceRe Announces... Read more of this article

RenRe Appoints David Marra & Ross Curtis

RenRe Appoints David Marra & Ross Curtis

RenaissanceRe announced the appointment of David Marra and Ross Curtis. A spokesperson said, “RenaissanceRe Holdings Ltd. today announced the appointments of David Marra to EVP, Group Chief Underwriting Officer and Chief Executive Officer of Renaissance Reinsurance U.S. Inc. and Ross Curtis to EVP, Chief Portfolio Officer. These changes are effective... Read more of this article

RenRe Expect $650M Catastrophe Impact

RenRe Expect $650M Catastrophe Impact

RenaissanceRe Holdings announced it estimates that losses from certain 2022 catastrophe events will have a net negative impact of approximately $650 million on the Company’s third quarter 2022 results of operations. A spokesperson said, “This estimate is primarily driven by the net negative impact of approximately $540 million from Hurricane... Read more of this article

RenRe Announces $0.37 Quarterly Dividend

RenRe Announces $0.37 Quarterly Dividend

The Board of Directors of RenaissanceRe Holdings announced a quarterly dividend of $0.37 per common share on its common shares. The dividend is payable on September 30, 2022, to shareholders of record on September 15, 2022. “In addition, the Board of Directors approved a renewal of RenaissanceRe’s authorized share repurchase program, bringing... Read more of this article

AM Best Affirms RenaissanceRe Credit Ratings

AM Best Affirms RenaissanceRe Credit Ratings

AM Best has affirmed the Financial Strength Rating [FSR] of A+ [Superior] and the Long-Term Issuer Credit Ratings of “aa-” [Superior] of Renaissance Reinsurance Ltd. The ratings agency said, “The ratings of RenaissanceRe reflect the group’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance,... Read more of this article

RenaissanceRe Announces Quarterly Dividend

RenaissanceRe Announces Quarterly Dividend

The Board of Directors of RenaissanceRe Holdings Ltd. announced a quarterly dividend of $0.37 per common share on its common shares. The dividend is payable on June 30, 2022, to shareholders of record on June 15, 2022. “In addition, the Board of Directors approved a renewal of RenaissanceRe’s authorized share repurchase program, bringing the... Read more of this article