Oxbow Partners supports RenaissanceRe with integration of Validus Re
November 2, 2023
Oxbow Partners is proud to be supporting RenaissanceRe with its integration of Validus Re, a role which was disclosed in the closing announcement published to the market yesterday.
RenaissanceRe’s $3bn acquisition of Validus Re, the largest transaction in the reinsurance market since Berkshire Hathaway’s acquisition of TransRe’s parent company Alleghany, will propel the combined entity to be the fifth largest non-life reinsurer in the world.
RenaissanceRe’s thirty-year journey since 1993, when it was founded in the aftermath of Hurricane Andrew, has been remarkable. On the eve of the Validus Re integration, its market cap stands at over $11bn. We wish Kevin and his enlarged team the very best of luck for the next phase of growth.