22 March 2019News

RenRe completes TMR acquisition

RenaissanceRe Holdings has announced that it has concluded its acquisition of Tokio Millennium Re (TMR).

The acquisition was originally announced on October 30, 2018 and the company said that the completion follows the receipt of all necessary regulatory approvals.

“The acquisition of TMR accelerates our strategy and enhances RenaissanceRe’s global reinsurance leadership, product offerings and access to attractive risk,” said Kevin J. O’Donnell, president and chief executive officer of RenaissanceRe.

“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.”




More on this story

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2 November 2023   The re/insurer reported a $194m profit compared to a $825m loss in Q3 2022.
News
1 November 2023   The reinsurer says merger brings together ‘two of the best reinsurance underwriters’.
News
11 September 2023   The reinsurer’s strong balance sheet and ability to raise capital have beenpraised by the ratings agency.

More on this story

News
2 November 2023   The re/insurer reported a $194m profit compared to a $825m loss in Q3 2022.
News
1 November 2023   The reinsurer says merger brings together ‘two of the best reinsurance underwriters’.
News
11 September 2023   The reinsurer’s strong balance sheet and ability to raise capital have beenpraised by the ratings agency.