RenaissanceRe Holdings Enters Agreement To Acquire AIG's Treaty Reinsurance Business For $2.985B
Portfolio Pulse from Benzinga Newsdesk
RenaissanceRe Holdings has entered into an agreement to acquire AID's Treaty Reinsurance business for $2.985 billion.
May 22, 2023 | 8:27 pm
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RenaissanceRe Holdings is set to acquire AID's Treaty Reinsurance business for $2.985 billion, potentially expanding its market share.
The acquisition of AID's Treaty Reinsurance business by RenaissanceRe Holdings will likely have a positive impact on RNR's stock price in the short term. The acquisition will expand the company's market share and potentially increase its revenues and profitability.
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