Exor, PartnerRe Settle on Deal
03 August 2015 - 10:10PM
Dow Jones News
Italy's Exor SpA and PartnerRe Ltd. ended months of negotiations
by reaching an agreement in which Exor would buy PartnerRe in a
deal valued at $6.9 billion.
As part of the Exor deal, PartnerRe has agreed to terminate its
separate agreement with Axis Capital Holdings Ltd.
The deal between Exor and PartnerRe continues the consolidation
trend among reinsurers. which take on some or all of the risk of
policies sold by primary insurers to individuals and
businesses.
Write to Tess Stynes at tess.stynes@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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