Conyers advised RenaissanceRe Holdings Ltd. (NYSE:RNR) (the “Company” or “RenaissanceRe”) on Bermuda law matters in connection with its underwritten public offering of 20,000,000 depositary shares evidenced by depositary receipts representing 1/1000th interest in the 4.20% Series G Preference Shares of par value US$1.00 each and $25,000 liquidation preference per share.

The depositary shares were offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission.

RenaissanceRe anticipates using the net proceeds from the offering to redeem all of its outstanding 5.375% Series E Preference Shares and any additional proceeds will be used for general corporate purposes. The depositary shares are listed on the NYSE under the symbol “RNRPRG”.

The offer was led by Wells Fargo Securities, LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC and UBS Securities LLC as joint book-running managers.

Directors Jennifer Panchaud and Chiara Nannini advised on the matter, working alongside Willkie Farr & Gallagher LLP.

Stay current with our latest legal insights and subscribe today