RenaissanceRe Holdings Ltd. : RenaissanceRe’s acquisition of Tokio Millenium Re is credit positive
The transaction increases RenRe's scale and provides an opportunity to boost profitability through cost synergies and capital efficiencies.RenaissanceRe Holdings is a holding company. Through its subsidiaries, the company is a global provider of reinsurance and insurance. The company's segments are: Property, which includes its catastrophe class of business, comprising excess of loss reinsurance and excess of loss retrocessional reinsurance to insure insurance and reinsurance companies against natural and man-made catastrophes, and its other property class of business, comprising proportional reinsurance, property per risk, property (re)insurance, binding facilities and regional United States multi-line reinsurance; and Casualty and Specialty, in which the company provides its casualty and specialty reinsurance products and excess of loss coverage.
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