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
Tag: Partner Re
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
PartnerRe Appoints Jonathan Colello as CEO, P&C Americas
PartnerRe today announced that Jonathan Colello will join the Company effective July 1, 2019 as CEO, P&C Americas, and President of Partner Reinsurance Company of the U.S. Mr. Colello will report to Emmanuel Clarke, PartnerRe President and CEO, and will be a member of the Company’s Executive Leadership Team. In his new role, Mr. Colello… Continue reading PartnerRe Appoints Jonathan Colello as CEO, P&C Americas