RenaissanceRe files SPA to acquire Validus Holdings and Validus Specialty from AIG

RENAISSANCERE HOLDINGS LTD

Acquisition of Validus Holdings (Bermuda) and Validus Specialty (Delaware) from AIG subsidiaries for cash and newly issued RenaissanceRe shares.
Closing no earlier than November 1, 2023; purchase price subject to post-closing adjustment based on tangible book value.
Agreement includes representations, warranties, covenants, and conditions; SPA filed as Exhibit 2.1.
RenaissanceRe to issue shares to AIG as part of consideration; shares subject to restrictive legend.
Deal expected to enhance RenaissanceRe's property catastrophe and specialty reinsurance capabilities.

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