News: Renaissancere Holdings Ltd (RNR_pc.N)

RNR_pc.N on New York Stock Exchange

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Wed, Nov 26 2014

Fitch: RenRe's Platinum Deal Could Spark Further Reinsurance M&A

(The following statement was released by the rating agency) CHICAGO/LONDON, November 26 (Fitch) RenaissanceRe Holdings' (RNR) agreement to acquire Platinum Underwriters Holdings (PTP) could spur merger and acquisition activity among reinsurers, Fitch Ratings says. Reinsurance M&A has been limited recently due to a lack of willing sellers and inherent uncertainty tied to large acquisitions. But PTP's limited market position in an increasingly competitive market influenced management's decisio

US STOCKS-Wall St hits new records, but telecom weighs on Dow

* Indexes: Dow flat, S&P up 0.2 pct, Nasdaq up 0.7 pct (Updates to midday trading)

RenaissanceRe to buy Platinum Underwriters for $1.9 billion

- RenaissanceRe Holdings Ltd will buy fellow Bermuda-based reinsurer Platinum Underwriters Holdings Ltd for about $1.9 billion to boost its business amid intensifying competition and falling premiums.

UPDATE 3-RenaissanceRe to buy Platinum Underwriters for $1.9 bln

* Offer price represents 24 pct premium to Platinum's Friday close

US STOCKS-Wall St hits new records, boosted by cyclicals

* Indexes up: Dow 0.1 pct, S&P 0.2 pct, Nasdaq 0.5 pct (Updates to mid-morning trading)

US STOCKS-Wall St surges to new records, boosted by cyclicals

* Indexes up: Dow 0.1 pct, S&P 0.2 pct, Nasdaq 0.4 pct (Updates to market open)

Deals of the day- Mergers and acquisitions

(Adds American Tower, BioMarin Pharmaceuticals, Hulamin, BM&FBovespa, RenaissanceRe Holdings; updates BT Group, World Duty Free)

US STOCKS-Futures point to higher open on merger activity

NEW YORK, Nov 24 - U.S. stock index futures pointed to a higher open on Monday, indicating that major indexes would move further into record territory on the back of multiple merger deals and hopes that China will take further accommodative monetary policy action.

US STOCKS-Futures rise, boosted by merger activity

* Futures: S&P up 4.5 pts, Dow up 30 pts, Nasdaq up 11.75

US STOCKS-Futures higher, building on recent gains

* Futures: S&P up 3.75 pts, Dow up 25 pts, Nasdaq up 10.25

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