RenaissanceRe - M&A Summary and Business Overview

InsuranceCompany

RenaissanceRe M&A Summary

RenaissanceRe has acquired 4 companies, including 1 in the last 5 years. It has also divested 1 asset.

RenaissanceRe’s largest acquisition to date was in 2023, when it acquired Validus Holdings for $3.0B. It’s largest disclosed sale occurred in 2011, when it sold Renaissance Reinsurance to QBE Insurance Group for $275M. RenaissanceRe has acquired in 3 countries. The Company’s most targeted sectors include insurance (100%).

RenaissanceRe Business Overview

Where is RenaissanceRe headquartered?

RenaissanceRe is headquartered in Pembroke, Bermuda.

What is RenaissanceRe’s revenue?

RenaissanceRe disclosed revenue of 9,091M USD for 2023 and 5,049M USD for 2022.

How many employees does RenaissanceRe have?

RenaissanceRe has 925 employees.

What sector is RenaissanceRe in?

RenaissanceRe is an insurance company.

When was RenaissanceRe founded?

RenaissanceRe was founded in 1993.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity4
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 3
  • M&A Advisors 3

RenaissanceRe

RenaissanceRe Holdings Ltd.

Renaissance House 12 Crow Lane,
Pembroke, HM 19
Bermuda,
(441) 295-4513
www.renre.com

RenaissanceRe is a provider of reinsurance and insurance. The Company's business consists of three reportable segments: (1) Catastrophe Reinsurance, which includes catastrophe reinsurance and certain property catastrophe joint ventures managed by the Company's ventures unit; (2) Specialty Reinsurance, which includes specialty reinsurance and certain specialty joint ventures managed by the Company's ventures unit; and (3) Lloyd's, which includes reinsurance and insurance business written through RenaissanceRe Syndicate 1458. RenaissanceRe Holdings was founded in 1993 and is based in Pembroke, Bermuda.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 3 - - - 1 - 4
vol $1.9B $3.0B $4.9B
Sell (0.0/yr) # 1 - - - - - 1
vol $275M $275M
  5

Most Recent M&A

Company Date Value Type
Validus Holdings Ltd. 2023-05-22 3.0B USD Divestiture
Pembroke, Bermuda · www.validusre.bm
Tokio Millennium Re (UK) Ltd. 2018-10-31 - Divestiture
London, United Kingdom
Tokio Millennium Re AG 2018-10-31 - Divestiture
Zurich, Switzerland
Platinum Underwriters Holdings Ltd. 2015-03-02 1.9B USD Add-on Acquisition
Waterloo House 100 Pitts Bay Road, Bermuda · www.platinumre.com
Renaissance Reinsurance Ltd. 2011-03-07 275M USD Divestiture
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 4 (100%) 4.9B (100%) 1 (100%) 275M (100%)
Total 4 $4.9B 1 $275M

By Geo

State/Country Buy Value Sell Value
Bermuda 2 4.9B - -
Switzerland 1 - - -
United Kingdom 1 - - -
United States - - 1 275M
Domestic 2 (50%) 4.9B (100%) - -
Cross-border 2 (50%) - 1 (100%) 275M (100%)
Total 4 $4.9B 1 $275M

Top M&A Advisors

Financial Deals
Morgan Stanley
2
Legal Deals
Willkie Farr & Gallagher
1
Sidley
1

Deal Values

buy # Total
> $1B 2 $4.9B
TOTAL $4.9B
Largest Validus Holdings Ltd.
$3.0B (2023-05-22)
sell # Total
$100M to $1B 1 $275M
TOTAL $275M
Largest Renaissance Reinsurance Ltd.
$275M (2011-03-07)

M&A Connections

Deals
Acquired from
Strategic(s)
75%
3 (75%)
Divested to
Strategic(s)
100%
1 (100%)

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Insurance Companies , Bermuda Companies