O’Donnell: Validus deal features ‘powerful accelerators’ for fee income business
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O’Donnell: Validus deal features ‘powerful accelerators’ for fee income business

RenaissanceRe logo with O Donnell.jpg

RenaissanceRe CEO Kevin O’Donnell said features of the firm’s $3bn Validus Re acquisition will be “powerful accelerators for fee income business” as it plans to share more of the firm’s risk with third-parties.

Speaking on a call with analysts late yesterday after the transaction was announced, O’Donnell said AIG has made a firm commitment to invest a significant amount in a combination of its specialty/casualty Fontana and cat-oriented DaVinci Re third-party platforms.

The...

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