RenaissanceRe Holdings, a Bermuda-based company, will disburse 1.5 billion USD to acquire the reinsurance platform of Tokio Marine which includes Tokio Millennium Re AG and Tokio Millenium UK. The agreement should be finalised during the first half of 2019.
The Nippon Group has indicated that the operation will reduce the volatility of its results and enable it to support its activities in developed and emerging markets.
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