EXOR Archives - Carrier Management

Deal Revival: EXOR (Again) Agrees to Sell PartnerRe to Covea for $9B

The Agnelli family's EXOR NV agreed to sell its PartnerRe reinsurance unit to France's Covéa for $9 billion, reviving a transaction that collapsed at the onset of the pandemic last year. Talks broke ...

Another Try? EXOR Reportedly Talking to Covea Again About Selling PartnerRe

Exor, the holding company of Italy's Agnelli family, has restarted talks with French insurer Covea over a possible sale of reinsurer PartnerRe, Il Sole 24 Ore reported on Saturday, after the deal was ...

Covea Investment Helps Normalize Exor Relationship After It Abandoned PartnerRe Acquisition

Italy's Exor said on Monday that French insurer Covea had agreed to invest a total of 1.5 billion euros ($1.8 billion), partly in entities managed by PartnerRE, after walking away from a deal to buy ...

Left at the Altar: Covea Abandons $9B Purchase of Exor’s PartnerRe

French insurer Covea has walked away from its planned $9 billion purchase of PartnerRe, the Bermuda-based reinsurer owned by Exor, the holding firm of Italy's Agnelli family, saying it could no ...

Covea to Acquire PartnerRe From EXOR for $9 Billion

EXOR has agreed to sell PartnerRe to French mutual insurer Covéa, a move that is turning out to be a very profitable thing for the Italian investment firm. EXOR bought the Bermuda-based reinsurer in ...

PartnerRe Executives Walker and Pestcoe Will Retire Early Next Year

PartnerRe Ltd. said that two of its long-time executives are retiring. Tad Walker, CEO Property & Casualty, and Marvin Pestcoe, chief risk and actuarial officer, will both retire from the company ...

PartnerRe Q4 Results Swing to Loss; P/C Combined Ratio Stays Below 90

PartnerRe Ltd. said it lost $191 million in the 2016 fourth quarter due, in part, to some one time costs such stemming from being acquired by Italian Investment firm EXOR and some business unit ...

PartnerRe Pays $284M to Acquire Aurigen Capital, Expand Life Policy Reinsurance Reach

PartnerRe Ltd., the reinsurer owned by John Elkann's Exor SpA, agreed to buy Aurigen Capital to expand in coverage of life policies in North America. PartnerRe agreed to pay C$375 million ($284 ...

S&P Boosts Outlook for PartnerRe, Reassured by Its Hands-Off Owner EXOR

PartnerRe gets an outlook upgrade courtesy of Standard & Poor's, due in part to the ratings agency's admission that the reinsurer remains relatively autonomous from its new owner, EXOR. Standard ...

PartnerRe Names Exec From Parent EXOR as New CFO

PartnerRe's CFO is stepping down, and an executive from new corporate parent EXOR is replacing him. The Bermuda-based reinsurer disclosed that Bill Babcock, its executive vice president and chief ...