RenaissanceRe plans offering of $25-par series G preference shares

By Rebecca Melvin

Concord, N.H., July 7 – RenaissanceRe Holdings Ltd. plans to price $25-par series G preference shares (Baa2), according 424B2 filing with the Securities and Exchange Commission.

Wells Fargo Securities LLC, BofA Securities Inc., Morgan Stanley & Co. LLC, RBC Capital Markets LLC and UBS Securities LLC are the joint bookrunners.

The preference shares will be callable beginning July 15, 2026 at par. They are callable prior to the callable period only in the event of a change in Bermuda law, a tax event or the occurrence of a capital redemption trigger date.

RenaissanceRe plans to use the proceeds for working capital, capital expenditures, acquisitions and other general corporate purposes.

The company intends to list the notes on the New York Stock Exchange under the symbol “RNRPrG.”

RenaissanceRe is a Bermuda-based insurance provider.

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