PartnerRe completes acquisition of Presidio
PartnerRe has successfully completed the acquisition of California-based Presidio Reinsurance Group.
PartnerRe will pay $72 million for reinsurance carrier Presidios managing general agency and tangible book value.
The US specialty accident and health (re) insurer underwrites about $250 million worth of accident and health premiums.
It also writes medical treaty reinsurance, employer stop-loss insurance, and accident insurance and reinsurance.
PartnerRe announced the successful completion of the acquisition yesterday saying all regulatory approvals have been received for the deal.
Same-sex couples set for court fight
PLP anger at reported lost $300,000 payment
Riders rev up to fight possible bike ban
Rival fashion events in dispute over banner
Embarrassed by Café Lido rule
How carnival promoted body positivity
Sunglasses store opens new Princess outlet
Toasting new roof at Commissioner’s House
Stranded sailors praise community’s kindness
Designated gaming sites announced
Final days for golf and tennis shop
Deeper worries blamed for low voter turnout
Car passenger in ICU
Gambling addict jailed
Commission of Inquiry to cover airport deal
Swing Bridge to temporarily close
Take Our Poll