M&A Deal Summary |
|
|---|---|
| Date | 2023-05-22 |
| Target | Validus Re |
| Sector | Insurance |
| Buyer(s) | RenaissanceRe |
| Sellers(s) | AIG |
| Deal Type | Divestiture |
| Deal Value | 3.0B USD |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 1993 |
| Sector | Insurance |
| Employees | 945 |
| Revenue | 11.6B USD (2024) |
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.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector: Insurance M&A | 4 of 4 |
| Type: Divestiture M&A Deals | 3 of 3 |
| Country: Bermuda M&A | 2 of 2 |
| Year: 2023 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-10-31 |
Tokio Millennium Re
London, United Kingdom Tokio Millennium Re (UK) Ltd. is a provider of short and long tail, and specialty treaty reinsurance solutions to customers in the United Kingdom, Ireland, Africa, the Middle East, Asia, Latin America, and internationally. |
Buy | - |
AIG is an international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. American International Group was incorporated in 1919 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 20 of 22 |
| Sector: Insurance M&A | 16 of 18 |
| Type: Divestiture M&A Deals | 19 of 20 |
| Country: Bermuda M&A | 2 of 2 |
| Year: 2023 M&A | 3 of 4 |
| Size (of disclosed) | 2 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-05-01 |
Crop Risk Services
Decatur, Illinois, United States Crop Risk Services is a primary crop insurance general agent with 2022 gross written premiums of approximately $1.2 billion. Crop Risk Services is based in Decatur, Illinois. |
Sell | $240M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-03 |
Laya Healthcare
Little Island, Ireland Laya Healthcare is a health insurance provider that offers life, dental, travel insurance, and health wellness coverage. Laya Healthcare was formed in 1995 and is based in Little Island, Ireland. |
Sell | €650M |
