Mega-Merger in Reinsurance?

Created by Administrator 13 Jul 2015 @ 07:15
Tags »
PartnerRe
Exor
Axis
Bermuda
deal

To fend off a hostile $6.8 billion cash bid from Exor SpA, PartnerRe is reportedly considering new terms with rival reinsurer Axis Capital Holdings Ltd. to preserve their planned merger. Both Bermuda-based reinsurers postponed shareholder votes that were scheduled for July 24 and will instead hold meetings on August.  

Read more here: http://www.propertycasualty360.com/2015/07/10/partnerre-weighs-new-deal-...

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