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Regulators OK RenaissanceRe's Tokio Millennium Re acquisition

RenaissanceRe Holdings Ltd. has received all regulatory approvals for its affiliate's acquisition of Tokio Marine Holdings Inc.'s reinsurance platform, Zurich-based Tokio Millennium Re AG and London-based Tokio Millennium Re (UK) Ltd.

Both parties expect the deal to close as soon as possible, subject to customary closing conditions.