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Stock Market & Financial Investment News

News Breaks
January 3, 2013
16:35 EDTRNRRenaissanceRe forms Upsilon Reinsurance II
RenaissanceRe Holdings Ltd announced the formation of Upsilon Reinsurance II, a new Bermuda domiciled special purpose insurance vehicle, creating additional reinsurance capacity for the worldwide aggregate retrocessional reinsurance market. Investors have capitalized Upsilon Re II and $185M of fully-collateralized reinsurance limit has been deployed. Upsilon Re II is managed by Renaissance Underwriting Managers. Upsilon Re II may raise additional capital and provide additional fully-collateralized reinsurance capacity if market opportunities exist.
News For RNR From The Last 14 Days
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March 2, 2015
11:02 EDTRNRRenaissanceRe completes acquisition of Platinum Underwriters
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10:47 EDTRNRRenaissanceRe completes acquisition of Platinum Underwriters
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February 27, 2015
09:16 EDTRNRRenaissanceRe announces preliminary Platinum shareholder merger considerations
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08:17 EDTRNRPlatinum Underwriters shareholders approve acquisition by RenaissanceRe
Platinum Underwriters (PTP) announced that at a special general meeting of shareholders, all proposals related to the company's pending acquisition by RenaissanceRe (RNR) were overwhelmingly approved by the company's shareholders. The transaction is expected to close on March 2, 2015. As previously announced, prior to the effective time of the merger on March 2, 2015, Platinum will be paying a special dividend of $10.00 per Platinum common share to shareholders of record as of close of business today.

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