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Bermudian reinsurer RenaissanceRe Holdings Ltd has completed its acquisition of Tokio Millennium Re. The $1.5 billion cash-and-shares deal was first announced last October and the completion follows the receipt of all necessary regulatory approvals....

RenaissanceRe Holdings Ltd 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) Limited. Bermudian-based RenaissanceRe said...

A former PepsiCo executive has been nominated to serve as an independent director of RenaissanceRe. Cynthia Trudell was executive vice-president and chief human resources officer of PepsiCo Inc from 2007 to 2011. She has also served in executive and ...

RenaissanceRe Holdings Ltd. recorded a net loss of $83.9 million, or $2.10 per diluted common share, in the fourth quarter of 2018. That compared to a net loss a of $3.5 million, or nine cents, in the same quarter in 2017. Operating income available...

About a third of the staff at Tokio Millennium Re’s Bermuda operation will be let go after the company’s takeover by RenaissanceRe Holdings. About two-thirds of the 69 employees have been offered new deals or transition opportunities, RenRe said yest...

A potentially $1 billion reinsurance company has been unveiled by RenaissanceRe Holdings Ltd and major pension fund manager PGGM, of the Netherlands. The new company is called Vermeer Reinsurance Ltd has approval in principle to be licensed and regul...

RenaissanceRe expects to realise some cost-saving benefits through its proposed takeover of Tokio Millenium Re — but it is too early for specifics on the impact on jobs. Agreement on the $1.5 billion deal, which is expected to close in the first half...

Bermudian reinsurer RenaissanceRe Holdings Ltd has agreed to buy Tokio Millennium Re in a cash-and-shares deal worth $1.5 billion. The agreement has been unanimously approved by the boards of directors of both companies. The transaction is expected t...

RenaissanceRe Holdings Ltd has estimated catastrophe losses of $155 million for the third quarter. The Bermudian reinsurer said Typhoon Jebi, which battered southern and central areas of Japan last month, would have a negative impact of about $70 mil...

Shares of Bermudian reinsurer RenaissanceRe gained today after an institutional shareholder publicly urged the company to put itself up for sale. TimesSquare Capital Management revealed that it had pressed the reinsurer’s board of directors for “an i...

RenaissanceRe Holdings Ltd posted second-quarter net income of nearly $192 million on the back of what the Bermudian firm’s CEO described as “our best portfolio of risk in years”. The reinsurer handily beat Wall Street expectations with operating ear...

RenaissanceRe Holdings Ltd is to raise $250 million in an underwritten preference-share offering. The Bermudian reinsurer said the net proceeds of the offering of ten million depositary shares representing the 5.75 per cent Series F preference shares...