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The family behind Italian car giants Fiat and Alfa Romeo has launched a $6.4 billion drive to buy Bermuda-based reinsurer PartnerRe. The move means Exor is now in a race with Axis, which has already announced a bid to merge with PartnerRe. Exor — a t...

By Jonathan Kent Standard & Poor’s Rating Services has removed both Axis Capital Holdings Ltd and PartnerRe Ltd from CreditWatch with negative implications after concluding that their proposed merger will create a combined company with a stronger com...

PartnerRe last night announced record operating earnings per share. The news came in the firm’s earnings report for the fourth quarter, which also revealed net income of just shy of $1 billion for the year. Operating earnings at PartnerRe — due to me...

The mega-merger between reinsurance firms Axis and PartnerRe has been given the thumbs up by a ratings agency. Moody’s gave the deal a positive rating — and placed Axis’ rating on review for an upgrade. Moody’s said: “The combination of the two platf...

Axis Capital Holdings Ltd and PartnerRe Ltd have agreed to merge, the companies announced last night. The deal — between two of the five biggest companies in the Bermuda insurance and reinsurance marketplace — will create a group with a market capita...

A top executive at Bermuda-based PartnerRe is to quit his job for a senior role at the Lloyd’s of London financial watchdog. Brian Secrett, head of catastrophe reinsurance at PartnerRe, is to join the Performance Market Directorate at Lloyd’s, which ...

Third-quarter results for Bermuda-based PartnerRe Ltd handily beat analysts’ estimates of operating earnings per share of $3.66, coming in at $4.47. Net income per share was $3.60. PartnerRe reported total profits of $182.2 million for the third qua...

PartnerRe Ltd last night reported a second-quarter profit of more than a quarter of a billion dollars — a dramatic improvement from the $190 million net loss it posted in the corresponding period last year. The Bermuda-based global reinsurer said net...

PartnerRe Ltd comfortably exceeded Wall Street’s expectations as it reported net income of $295.7 million and its book value hit a record high. The profit, which included net after-tax realised and unrealised gains on investments of $115.8 million, b...