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.
Fahy unveils rights for long-term residents
Concern at banana fungus threat
Huge savings with home care
Aecon: new airport could last 100 years
Recipe for Valentine’s Day success
Gosling’s aims to strike gold
Doctors look at possible Zika cases
‘Void’ of support services for LGBTQ youth
Take Our Poll