Tranche Update on RenaissanceRe Holdings Ltd.'s Equity Buyback Plan announced on February 5, 2021.
July 23, 2021 at 02:10 am IST
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From April 1, 2021 to May 7, 2021, the company has repurchased 665,914 shares, representing 1.33% for $109.49 million. With this, the company has completed the repurchase of 1,742,258 shares, representing 3.45% for $281.14 million under the buyback announced on February 5, 2021.
RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance. The Company provides property, casualty and specialty reinsurance and certain insurance solutions to customers, principally through intermediaries. The Company has two segments. The Property segment is comprised of catastrophe and other property reinsurance and insurance written on behalf of its operating subsidiaries, joint ventures, and managed funds. The Casualty and Specialty segment is comprised of casualty and specialty reinsurance and insurance written on behalf of its operating subsidiaries, joint ventures, and managed funds. The Company writes catastrophe reinsurance and insurance coverage protecting against natural and man-made catastrophes, such as earthquakes, hurricanes, typhoons and tsunamis, winter storms, freezes, floods, fires, windstorms, tornadoes, explosions and acts of terrorism, among others. Its subsidiaries include Renaissance Reinsurance Ltd., Validus Reinsurance Ltd. and others.