RenaissanceRe Holdings makes announcement.PEMBROKE, Bermuda--(BUSINESS WIRE)--May 20, 1997--RenaissanceRe Holdings Ltd. (NYSE NYSESee: New York Stock Exchange : RNR RNR Rock 'N Roll RNR Royal Naval Reserve RNR Ribonucleotide Reductase RNR Receive Not Ready (ITU-T; ISDN) RNR Research News Reporter RNR Rest and Relaxation RNR Registry of Nursing Research RNR Rest and Recreation ) announced today that it is contemplating filing a registration statement with the Securities and Exchange Commission for the sale of approximately 3,000,000 Common Shares in an underwritten secondary offering, subject to market conditions, at the request of the Company's initial institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. . All of the Common Shares to be sold in the contemplated offering will be sold by the Company's initial institutional investors. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any Common Shares. Offers of Common Shares, if any, in connection with the contemplated offering shall be made only by means of a prospectus contained in a registration statement to be filed by the Company with the Securities and Exchange Commission. RenaissanceRe Holdings Ltd., through its subsidiaries Renaissance Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. Ltd. and Glencoe Insurance Ltd., is a global provider of insurance and reinsurance. The Company's principal product is property catastrophe reinsurance. CONTACT: Keith S Keith may refer to: People with the given name Keith:
Senior Vice President and Vice President and Chief Financial Officer Treasurer (441) 295-4513 (441) 295-4513 |
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