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PartnerRe

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"PartnerRe board rejects Exor bid"

PartnerRe Ltd's board of directors has rejected the buyout bid from Italian investment company Exor and offered a sweetened deal for shareholders to complete its proposed merger with Bermuda rival Axis Capital Holdings Ltd. In a statement released th...
May 04, 2015
Reinsurance

Large PartnerRe shareholder backs Exor bid

One of the biggest shareholders in Bermuda-based reinsurance firm PartnerRe has backed a $6.4 billion rival bid for the company. PartnerRe had agreed a deal to merge with rival Bermuda firm Axis — but a surprise bid by Italian investment firm Exor ha...
Apr 17, 2015
Reinsurance

Axis determined to seal PartnerRe deal

Bermuda reinsurer Axis is set to fight a bid by the billionaire Italian Agnelli family to take over PartnerRe. Axis earlier this year confirmed a deal to merge with PartnerRe — but the Agnelli-controlled Exor investment company on Tuesday stepped in ...
Apr 16, 2015
Reinsurance

Agnellis in race with Axis to buy PartnerRe

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...
Apr 15, 2015
Reinsurance

S&P pulls Axis, PartnerRe off negative watch

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...
Mar 19, 2015
Reinsurance

PartnerRe appoints Haft head of catastrophe

Reinsurance firm PartnerRe has appointed a new head of catastrophe. Greg Haft will take over the role from Brian Secrett, who has left the firm. Mr Haft joined the firm — which has agreed to merge with Axis Capital Holdings — in 2013 from financial h...
Feb 09, 2015
Reinsurance

PartnerRe declares a record year

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...
Feb 05, 2015
Reinsurance

Moody’s upbeat on merger of Axis and PartnerRe

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...
Jan 30, 2015
Reinsurance

Axis and PartnerRe agree to merge

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...
Jan 26, 2015
Reinsurance

Secrett leaves PartnerRe for Lloyd’s

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 ...
Jan 14, 2015
Reinsurance

PartnerRe beats forecasts with $182m profit

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...
Oct 28, 2014
Reinsurance

PartnerRe board authorises repurchase of 5m shares

PartnerRe Ltd’s board of directors has given the green light for the company to buy back up to five million of its own shares. The buyback authorisation supersedes PartnerRe’s previous authorisation of September 2013. Buying back shares for cancellat...
Sep 09, 2014
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