Announcements about Bermuda companies released this morning reveal two players going in different directions, with Aspen Insurance Holdings Limited strengthening its U.S. insurance operations and RenaissanceRe Holdings Ltd. selling out of its U.S insurance business.
QBE today disclosed that it has completed its previously announced acquisition of the U.S. admitted insurance businesses of RenaissanceRe, which include a U.S. crop and small specialist program insurance business for $275 million.
RenRe CEO Neill Currie explained the reasoning behind the deal at several recent investor conferences and in a phone interview with NU on Friday.
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