RenaissanceRe’s Secondary Public Offering of Common Shares

Willkie Farr & Gallagher advised RenaissanceRe Holdings Ltd on the offering.

RenaissanceRe completed its secondary public offering of 1,739,071 shares of its common shares by Tokio Marine & Nichido Fire Insurance Co. Ltd.

Morgan Stanley & Co. LLC served as sole underwriter for the offering. The shares were issued to Tokio Marine in connection with RenaissanceRe’s acquisition of Tokio Marine’s reinsurance platform, which closed in March 2019.

RenaissanceRe is a global provider of reinsurance and insurance. The company’s business consists of two reportable segments: (1) Property, which is comprised of catastrophe reinsurance, including certain property catastrophe joint ventures managed by the company’s ventures unit, and other property reinsurance and insurance and (2) Casualty and Specialty, which is comprised of casualty and specialty reinsurance and insurance and certain specialty joint ventures managed by the company’s ventures unit. Established in 1993, RenaissanceRe has offices in Bermuda, Ireland, Singapore, the United Kingdom and the United States.

The Willkie Farr & Gallagher deal team was handled by partner Sean Ewen (Picture), and associates Marisa Weisbaum and Maria LaGumina.

Involved fees earner: Sean Ewen – Willkie Farr & Gallagher; Maria Teresa LaGumina – Willkie Farr & Gallagher; Marisa Weisbaum – Willkie Farr & Gallagher;

Law Firms: Willkie Farr & Gallagher;

Clients: RenaissanceRe Holdings Ltd.;

Author: Ambrogio Visconti