AIG agrees sale of Validus Re to RenRe for ~$3bn
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

AIG agrees sale of Validus Re to RenRe for ~$3bn

Adam McNestrie
May 22, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
RenRe Validus Re bermuda handshake.jpg

AIG has struck a deal to sell its reinsurance business Validus Re to RenaissanceRe for ~$3bn, as the insurance giant takes another decisive step towards reshaping the group and squeezing volatility out of the portfolio.

The deal continues RenRe’s track record of reinsurance consolidation deals, which – alongside organic growth – have pushed the Bermudian into the top five of P&C reinsurers globally, with 2022 GWP of more than $12.5bn

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsBermudaM&A
adam mcnestrie/adam mcnestrie ii us.png
Adam McNestrie
Editor-at-Large
Contact
Gift this article