RenaissanceRe Holdings Ltd. announced it has received all regulatory approvals required in connection with its planned acquisition of Tokio Marine Holdings’ reinsurance platform.
The deal was first announced on Oct. 30, 2018, when RenRe said it had agreed to pay approximately $1.5 billion to buy Tokio Millennium Re AG and Tokio Millennium Re (UK) Ltd. (collectively known as TMR).
RenaissanceRe anticipates closing the transaction as soon as possible, subject to the satisfaction of customary closing conditions.
Source: RenaissanceRe
Related:
RenaissanceRe to Acquire Tokio Millennium Re in $1.5 Billion Deal
Topics Legislation
Was this article valuable?
Here are more articles you may enjoy.
World’s Growing Civil Unrest Has an Insurance Sting 
Insurance Issue Leaves Some Players Off World Baseball Classic Rosters 
The $10 Trillion Fight: Modeling a US-China War Over Taiwan 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
