RenaissanceRe Holdings Ltd. announced that it has completed
its acquisition of Platinum Underwriters Holdings Ltd. the acquisition changed
into at the beginning introduced on November 24, 2014.
“The combination of RenaissanceRe and Platinum marks an
critical milestone for our employer, reaping benefits our expanded purchaser
base by using providing extra merchandise and underwriting information, two
robust underwriting platforms in the united states, and improved scope and
marketplace presence,” in step with Kevin J. O’Donnell, president and chief government
officer of RenaissanceRe.
“We anticipate the transaction to be accretive to ebook cost
in line with percentage and profits in keeping with percentage, in addition to
boom the lengthy-term value of our enterprise for shareholders. With the
acquisition effectively finished, we are a stronger, broader-achieving
RenaissanceRe, offering extra underwriting, product and capital answers to each
current customers and new customers.”
The finishing touch of the purchase follows the receipt of
all important regulatory approvals and approval of the transaction by Platinum
shareholders, which become received at a unique trendy assembly of Platinum
shareholders hung on February 27, 2015.
effective as of market near on March 2, Platinum shares will
cease buying and selling on the the big apple inventory change.
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