13 March 2019News

RenRe gets green light for TMR deal

RenaissanceRe Holdings has 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).

RenaissanceRe had announced on October 30, 2018 that it had entered into a definitive agreement with Tokio Marine Holdings to acquire Tokio Marine’s reinsurance platform, TMR for approximately $1.5 billion.

The agreement has been unanimously approved by the boards of directors of both companies.

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




More on this story

News
31 October 2018   Bermuda-based RenaissanceRe Holdings is acquiring Tokio Millennium Re (TMR) for approximately $1.5 billion from its parent Tokio Marine Holdings.
News
5 November 2018   AM Best has placed under review with developing implications the financial strength rating (FSR) of A+ (Superior) and the long term issuer credit ratings of “aa-” of Renaissance Reinsurance, Renaissance Reinsurance US, RenaissanceRe Specialty US, and Renaissance Reinsurance of Europe.
News
22 March 2019   RenaissanceRe Holdings has announced that it has concluded its acquisition of Tokio Millennium Re (TMR).

More on this story

News
31 October 2018   Bermuda-based RenaissanceRe Holdings is acquiring Tokio Millennium Re (TMR) for approximately $1.5 billion from its parent Tokio Marine Holdings.
News
5 November 2018   AM Best has placed under review with developing implications the financial strength rating (FSR) of A+ (Superior) and the long term issuer credit ratings of “aa-” of Renaissance Reinsurance, Renaissance Reinsurance US, RenaissanceRe Specialty US, and Renaissance Reinsurance of Europe.
News
22 March 2019   RenaissanceRe Holdings has announced that it has concluded its acquisition of Tokio Millennium Re (TMR).