PartnerRe completes acquisition of Presidio

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PartnerRe has successfully completed the acquisition of California-based Presidio Reinsurance Group.

PartnerRe will pay $72 million for reinsurance carrier Presidio’s 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.

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Published Jan 3, 2013 at 8:00 am (Updated Jan 2, 2013 at 5:57 pm)

PartnerRe completes acquisition of Presidio

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