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International

RenRe’s $3 billion acquisition of AIG’s treaty reinsurance business approved

September 06, 2023 Reprints

The European Commission approved Bermuda-based RenaissanceRe Holdings Ltd. acquisition of American International Group Inc.’s treaty reinsurance business, The Royal Gazette reported. The companies initially announced in May that they had signed a definitive agreement in a deal valued at nearly $3 billion. AIG’s treaty reinsurance business includes Validus Reinsurance Ltd., AlphaCat Managers and Talbot Treaty reinsurance businesses.

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RenRe’s $3 billion acquisition of AIG’s treaty reinsurance business approved

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