---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-150539"
form_type: "8-K"
ticker: "RNR"
cik: "0000913144"
company_name: "RENAISSANCERE HOLDINGS LTD"
filed_at: "2023-05-22T23:59:59+00:00"
generated_at: "2026-06-14T19:00:48.114397+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# RenaissanceRe to acquire Validus Re from AIG for $2.985 billion

## Summary
- Total consideration $2.985B: $2.735B cash plus $250M common shares; AIG retains 95% of reserve development.
- Expected close Q4 2023; subject to regulatory approvals and other customary conditions; no shareholder vote required.
- AIG commits to deliver $2.1B in unlevered shareholder equity at closing; any excess retained by AIG.
- RenaissanceRe secures $1.55B bridge financing from Morgan Stanley; no financing condition or termination fees.
- Acquisition includes Validus Re, AlphaCat Managers, and Talbot Treaty renewal rights.

## SEC filing metadata
- accession: 0001193125-23-150539
- form_type: 8-K
- ticker: RNR
- cik: 0000913144
- company_name: RENAISSANCERE HOLDINGS LTD
- filed_at: 2023-05-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/913144/000119312523150539/0001193125-23-150539-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/913144/000119312523150539/d475271d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-150539
- JSON: https://secwatch.observer/filing/0001193125-23-150539.json
- Plain text: https://secwatch.observer/filing/0001193125-23-150539.txt

## Key facts
- Material Agreements
  RENAISSANCERE HOLDINGS LTD entered into Stock Purchase Agreement with American International Group, Inc. valued at approximately $2.985 billion (effective 2023-05-22).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: American International Group, Inc.
  - Value: approximately $2.985 billion
  - Effective: 2023-05-22
  source text: On May 22, 2023, RenaissanceRe Holdings Ltd. (“RenaissanceRe” or the “Company”) entered into a Stock Purchase Agreement (the “Stock Purchase Agreement”) with American International Group, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/913144/000119312523150539/0001193125-23-150539-index.htm
- Material Agreements
  RENAISSANCERE HOLDINGS LTD entered into Bridge Commitment Letter with Morgan Stanley Senior Funding, Inc. valued at up to $1.55 billion (effective 2023-05-22).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Morgan Stanley Senior Funding, Inc.
  - Value: up to $1.55 billion
  - Effective: 2023-05-22
  source text: On May 22, 2023, RenaissanceRe entered into a commitment letter (the “Bridge Commitment Letter”) with Morgan Stanley Senior Funding, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/913144/000119312523150539/0001193125-23-150539-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.