RenRe Registers $200 Million in Mixed Securities with SEC
Bermuda’s Renaissance Re Holdings Ltd. has field a shelf registration statement with the Securities and Exchange Commission to sell up to $200 million in mixed securities at various unspecified times.
RenRe had previously registered $364.25 million in securities. The additional filing brings the total amount of common shares, depositary shares, preference shares, senior and subordinated debt securities and related financial instruments that the company intends to sell to $564.25 million.
RenRe plans to use the proceeds to provide increased working capital, possible acquisitions and for general corporate purposes.
Popular Today
- KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event
- Broad AI Exclusions in Insurance Policies Could Create Uncertainty, Marsh CEO Says
- Cyber Rates Are Down, Risks Are Up but Small Businesses Slow to Adopt
- All in the Family: Husband, Wife and Daughter Indicted for Insurance Fraud and Bribery