RenRe prices Tokio Marine & Nichido secondary share offering

RenaissanceRe has priced an underwritten secondary public offering of 1,739,071 common shares by Tokio Marine & Nichido Fire Insurance (TMNFI).

TMNFI will receive all the net proceeds from the offering, which is set to close on January 9, subject to customary closing conditions. RenRe itself is not selling any shares.

Morgan Stanley is acting as the sole underwriter for the offering.