AXA Unit Buys Renaissance Re UK As Growth Continues

Law360, London (February 5, 2020, 2:36 PM GMT) -- A subsidiary of French insurer AXA has acquired a portfolio of historical U.K. insurance contracts from Renaissance Re Holdings, the two companies said on Wednesday.

AXA Liabilities Managers has bought RenaissanceRe UK, formerly known as Tokio Millennium Re UK, but did not disclose how much it paid. The British company is in run-off, meaning it is closed to new business and renewals, although it is required to pay out for claims on existing liabilities.

It was acquired by Bermuda-headquartered RenaissanceRe Holdings as part of its $1.5 billion acquisition in 2019 of Tokio Marine Holdings’ reinsurance business. That included Tokio Millennium Re and...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!