Renaissancere announces public offering of 6,300,000 common shares

Pembroke, bermuda--(business wire)--renaissancere holdings ltd. (nyse: rnr) (the “company” or “renaissancere”) announced today that it has commenced an underwritten public offering of 6,300,000 of its common shares. the company intends to use the net proceeds from this offering to fund a portion of the cash consideration for the previously announced acquisition of certain subsidiaries of american international group, inc., including validus holdings, ltd., validus specialty, llc and validus rei.
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