RenRe + Validus Re: Marrying another version of yourself
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RenRe + Validus Re: Marrying another version of yourself

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Opposites attract; likes repel. This statement might make sense when reviewing Coulomb’s law of electric force or watching another generic comedy on Netflix. Insurance companies can be another example, where deals are often done to fill in the missing holes in a book of business - though this can often result in insurers stepping out of their comfort zones and finding uncovered reserving minefields.

However, we are seeing a “likes attract” phenomenon in the case of Renaissance Re’s acquisition of Validus Re, where, rather than stepping out of its lane, RenRe is buying a book that fits squarely into its own, allowing them...

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