Magazine date:
May 2023 
The Bermudan group RenaissanceRe has signed a definitive agreement with American International Group (AIG) to acquire its reinsurance activities which include Validus Re [4] and its consolidated subsidiaries. The transaction is valued at 2.985 billion USD.
With this acquisition, RenaissanceRe aims at becoming one of the top five non-life reinsurers worldwide.
The deal, which is still pending the approval of the competent authorities, is expected to be finalized during the third quarter of 2023.