Bär & Karrer Ltd. | View firm profile
On 22 May 2023, RenaissanceRe Holdings Ltd. entered into an agreement with American International Group Inc. to acquire the treaty reinsurance business of American International Group Inc. for USD 2.985 billion.
The acquisition includes Validus Reinsurance Ltd. and its consolidated subsidiaries, AlphaCat Managers Ltd. and its managed funds, and all renewal rights to the Assumed Reinsurance Treaty Unit of Talbot Treaty.
Bär & Karrer acted as Swiss legal counsel to RenaissanceRe in this transaction. The team was led by Peter Hsu and included Tiffany Ender, Matej Teslar, Jan Häring and Reto Kuoni (all Insurance / M&A) and Laura Widmer (Employment). Sidley acted as lead counsel of RenaissanceRe in this transaction.
14 June 2023