PartnerRe News
AXIS, PartnerRe and Their $11B Merger Are Back in S&P’s Good Graces
AXIS Capital Holdings Ltd., PartnerRe Ltd. and their pending $11 billion merger are back in Standard & Poor's good graces, which has affirmed the ratings of both companies after essentially ...
AXIS CEO Benchimol Sticks to Script on $11B PartnerRe Merger Deal
Early on in the fourth-quarter earnings call for AXIS Capital Holdings Ltd., company president and CEO Albert Benchimol warned that he and his team would be able to say very little about a planned ...
Report: Scor, Alleghany May Submit Rival M&A Bids for PartnerRe
PartnerRe Ltd. jumped in New York trading after Insurance Insider reported that the reinsurer, which agreed last month to merge with Axis Capital Holdings Ltd., might draw bids from rivals to break ...
S&P, A.M. Best Voice Caution over $11B AXIS/PartnerRe Merger Plan
AXIS Capital Holdings Ltd. and PartnerRe Ltd's plan to merge in a massive $11 billion deal is drawing a cautious response from insurance ratings agencies and analysts. Standard & Poor's said on ...
AXIS CEO: More Deals Possible After Merger With PartnerRe
The creation of one of the world's largest reinsurers in an all-stock merger paves the way for more deals. AXIS Capital Holdings Ltd. and PartnerRe Ltd.'s combination without taking on debt will ...
Bermuda Reinsurers AXIS Capital and PartnerRe Will Merge in Massive Deal
AXIS Capital Holdings Ltd. agreed to merge with PartnerRe Ltd., combining two Bermuda-based reinsurers with a total market value of almost $11 billion amid accelerating consolidation in the industry. ...
PartnerRe Says German Hail Impact to Exceed $50M
PartnerRe Ltd. announced estimates of its cost for the German hailstorms that occurred in the last week of July 2013, putting the losses at between $50 million and $60 million pre-tax. The range of ...
Rating S&P’s New Method: Transparency Improved, But Execution Consistency Falls Short
In May, Standard & Poor's confirmed that it had finalized a 10-month "Request for Comment" (RfC) process around proposed changes to the rating agency's criteria for rating insurers and ...