Bermuda’s Supreme Court has rejected a bid by an Italian investment giant to get non-public information from buyover target PartnerRe.

Exor, run by the Agnelli family, who control car giants Fiat Chrysler, wanted information on shareholders in PartnerRe, which wants to merge with Axis Capital instead.

Exor was seeking information related to PartnerRe’s shareholders, particularly non-objecting beneficial owners.

But the court turned down the bid and ordered Exor to pay PartnerRe’s costs.

A spokesman for PartnerRe said: “We are pleased with this outcome.”