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.
Hacking Group Claims Major Hack of Novo Nordisk and Attempted $25M Extortion 
To Carriers’ Relief: New Florida Rule Won’t Count Mediation Requests as Complaints 
California Homeowners Insurance Costs Still 41% Below National Average, Report Shows 
Capital Factory CEO Killed in Private-Jet Crash in Texas 
