RenaissanceRe Holdings Ltd. (NYSE: RNR) today achieved a major milestone in its growth strategy by concluding the acquisition of Validus Re, the treaty reinsurance arm of American International Group, Inc. (“AIG”). This comprehensive deal, valued at approximately $2.985 billion, includes Validus Reinsurance Ltd., AlphaCat Managers Ltd., and the renewal rights to the Assumed Reinsurance Treaty […]
American International Group (AIG) has agreed to divest a stake of 9.9% in its life and retirement business to Blackstone for $2.2 billion in an all-cash deal. As part of the deal, the US insurance giant also agreed to forge a long-term asset management relationship with Blackstone to manage an initial $50 billion of the […]
AIG acquisition of Ellipse : American International Group (AIG) has wrapped up its previously announced acquisition of Ellipse, a specialist provider of group life risk protection in the UK, from German reinsurance company Munich Re, as per the latest insurance acquisition news. The acquisition of the UK group risk specialist was made by AIG’s subsidiary […]