other material
confidence high
sentiment neutral
materiality 0.75
RenaissanceRe launches 6.3M share offering to fund Validus acquisition from AIG
RENAISSANCERE HOLDINGS LTD
- Offering of 6,300,000 common shares; underwriters can purchase up to 945,000 additional shares.
- Net proceeds will fund a portion of cash consideration for acquiring Validus Holdings, Validus Re, and Validus Specialty from AIG.
- Morgan Stanley (lead active bookrunner) and Goldman Sachs (active bookrunner) managing the offering.
- Filed audited consolidated financial statements of Validus Re for 2022 and 2021 as Exhibit 99.2.
- Offering made under effective shelf registration statement; prospectus available at sec.gov.