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RenaissanceRe prices $250M public depositary share offering

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RenaissanceRe prices $250M public depositary share offering

RenaissanceRe Holdings Ltd. announced it is selling 10,000,000 depositary shares.

The public offering price is $25 per depositary share for an aggregate public offering price of $250 million. The company expects to consummate the sale to the underwriters June 18, subject to customary closing conditions.

RenaissanceRe anticipates using the net proceeds from the offering for general corporate purposes.

Bank of America Merrill Lynch, Morgan Stanley & Co. LLC, UBS Securities LLC and Wells Fargo Securities LLC are serving as joint book-running managers for the offering.