According to reports in the French media, insurance group Covéa is targeting an acquisition of AXA’s non-life reinsurance operations, which would be the Bermuda headquartered AXA XL Re division. Reported first by L’Argus de L’Assurance on Friday, any deal would see Thierry Derez’s mutual insurer Covéa finally realising its ambition to acquire a large, global… Continue reading Covéa Said Targeting AXA XL Reinsurance Acquisition: Report
Tag: Covea
Covea Needs Plan B after Exor Refuses to Budge on PartnerRe Price
Shares in French reinsurer Scor rose on Wednesday after its shareholder Covea dropped a planned $9 billion acquisition, rekindling speculation that Covea may turn its attentions to Scor again. Covea’s plan to buy re-insurer PartnerRe from the Exor holding firm of Italy’s Agnelli family collapsed late on Tuesday after the French company attempted to renegotiate… Continue reading Covea Needs Plan B after Exor Refuses to Budge on PartnerRe Price
Covea Reportedly in Talks to Buy Agnellis’ PartnerRe for $9B Cash
French insurer Covea is in advanced talks with the Agnelli’s Exor NV to buy the Italian company’s reinsurance business PartnerRe for about $9 billion cash, Bloomberg reported, citing people familiar with the talks. The report specified that the discussions are advanced but may still not produce a deal. Covea approached Exor with an offer for… Continue reading Covea Reportedly in Talks to Buy Agnellis’ PartnerRe for $9B Cash