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Kekst CNC represents RenaissanceRe Holdings as it acquires American International Group’s Validus Reinsurance in a deal valued at $3B.
The acquisition creates a Top 5 global property and casualty reinsurer.
Kevin O’Donnell, RenaissanceRe CEO, said the deal provides “access to a large book of reinsurance business in a favorable market environment” and “accelerates three drivers of profit—underwriting, fee and investment income.”
The acquisition also strengthens RenaissanceRe’s relationship with AIG, which is expected to make substantial investments in RenaissanceRe’s Capital Partners unit.
Kekst CNC co-CEO Jeremy Fielding, vice chairman Jeffrey Taufield, partner Nicolas Capuano, associate Emma Cloyd and senior analyst Jack Keeler handle the RenaissanceRe business.
Publicis Groupe owns Kekst CNC.
Hut 8, energy infrastructure platform, has named NextEra Energy's Mark Eidelman head of IR and SVP of strategic finance.
Teneo handles easyJet as Minneapolis investment firm Castlelake mulls a possible takeover of the British budget airline.
Brunswick Group represents Universal Music Group as it rejects the unsolicited $65B takeover offer by billionaire Ed Ackman's Pershing Square Capital Management because it “fundamentally and materially undervalues” the world’s largest music company.
Prosek Partners brings on Danielle O’Brien as a managing director in its investor relations practice, based in the firm’s New York office.
Houston’s Dancie Perugini Ware PR represents Fertitta Entertainment as it takes Caesars Entertainment private in a $17.6B cash deal. 
