RenaissanceRe Holdings Ltd. Completes Acquisition of Platinum Underwriters

March 3, 2015

Willkie represents RenaissanceRe in acquisition and $300 million bridge financing. 

On March 2, long-time Willkie client RenaissanceRe Holdings Ltd. announced it has completed its acquisition of Platinum Underwriters Holdings, Ltd. The acquisition was originally announced on November 24, 2014. In connection with this transaction, RenaissanceRe entered into a $300 million bridge financing agreement with Barclays Bank PLC.

The transaction is being undertaken to expand RenaissanceRe’s market presence, product offerings and client relationships. RenaissanceRe Holdings Ltd. is one of the world’s largest reinsurers of natural and man-made catastrophes.

Willkie represented RenaissanceRe as lead counsel in the acquisition, as well as in the bridge financing. The firm’s industry-leading insurance practice has served as RenaissanceRe’s regular outside counsel since the company’s formation in 1993.

The Willkie deal team was led by partners Robert Stebbins and Rajab Abbassi, and included partners Sameer Advani, Leah Campbell, Henry Cohn, Sean Ewen, Michael Katz, Leslie Mazza, Tariq Mundiya, Wesley Powell and Allison Tam, and counsel Peter Allman and Jonathan Konoff. The deal team also included associates Eleanor Tai, Evan Goodman, James Rosenthal, Rachel Berk, Nicolas Cassauba, Jeffrey Clancy, Jennifer Coffey, Kapiljeet Dargan, Amir Ghavi, Nathan Huddell, Robert Larimore, Yevgeniy Markov, Marisa Matays, Margaret McSpadden, Stephanie Moran, Theodore Neos, Dunia Rkein, Andrew Shapiro, David Stauber, Ryan Stott and Tara Thieme. In addition, the team included law clerks Dorna Mohaghegh and Jacob Moss.

The Willkie financing team was led by partner Leslie Mazza and included associates Theodore Neos, Margaret McSpadden and Stephanie Moran.